WhiteBIT Launches U.S. Exchange in New York with Ambitious Growth Plans

WhiteBIT has officially introduced WhiteBIT US, a licensed cryptocurrency exchange based in New York that provides spot trading and ramp services. The company is also planning to expand its offerings and workforce across all 50 states.

Key Takeaways

Launch of WhiteBIT US: WhiteBIT has unveiled its U.S. operations through WhiteBIT US, targeting an expansion across the nation.
Operational Licenses: The exchange has secured the necessary licenses to operate in the U.S. and aims to offer high security standards and competitive fees.
Services Offered: At the start, users will have access to spot trading, instant exchanges, and on/off-ramp services, with plans to include fiat integration and institutional solutions.
Global Presence: This launch aligns with WhiteBIT's seven-year anniversary and its transition into a broader fintech ecosystem.
Security Standards: The platform has received multiple certifications regarding security and compliance and boasts a user base exceeding 35 million worldwide.

WhiteBIT US New York crypto exchange launch image

WhiteBIT Aims for Growth in the U.S. Market

WhiteBIT, a prominent European cryptocurrency exchange, has begun U.S. operations with the launch of WhiteBIT US, an independently managed entity focused on nationwide expansion. The company has secured operational licenses and aims to offer its services to users across all 50 states. According to the announcement, users can expect the platform to provide high levels of security, rigorous compliance protocols, and competitive trading fees.

"Our choice to expand into the U.S. is motivated not just by growth, but also by the country’s proactive stance on cryptocurrency and its strong policies that attract technology companies," stated Volodymyr Nosov, Founder and CEO of WhiteBIT and President of W Group. "The U.S. is committed to enhancing the industry and reinforcing its position as a leader in blockchain innovation."

Featured Services and Expansion Plans

Immediately upon its launch, verified users in the U.S. will have access to spot trading, instant exchanges, and on/off-ramp services. Looking ahead, WhiteBIT US plans to enhance its offerings with fiat integration and onboarding services for institutional clients, alongside additional features such as custody and liquidity solutions.

The company has its headquarters in New York and has assembled a team of U.S.-based executives, complemented by satellite offices throughout the country. WhiteBIT, which has a workforce of over 1,300 employees globally, aims to grow its American team by hiring local talent.

The launch coincides with WhiteBIT's seventh anniversary, marking a significant transition from a single exchange to W Group, a global fintech ecosystem that encompasses eight companies across various sectors including crypto, payments, banking, and blockchain infrastructure.

To celebrate this milestone, WhiteBIT is launching a global brand campaign aimed at addressing public concerns about cryptocurrency. A featured video from this campaign is set to debut in Times Square starting November 28, highlighting the company's perspective on digital finance.

Earlier this year, WhiteBIT also announced a strategic agreement with Durrah AlFodah Holding to facilitate the advancement of digital finance and blockchain development in Saudi Arabia.

WhiteBIT Coin and Security Measures

Accompanied by the WhiteBIT Coin wbt-0.61%, the exchange has been actively pursuing growth since its founding in 2018. WhiteBIT reports no recorded security breaches and possesses several industry certifications. It is ranked among the top three exchanges for security by CER.live and holds the CryptoCurrency Security Standard (CCSS) Level 3 certification, in addition to adhering to AML and KYC compliance standards.

With a user base of over 35 million worldwide, WhiteBIT continues to solidify its position in the global cryptocurrency market.