WhiteBIT secures VASP registration in Argentina, Brazil next
Europe's largest crypto exchange by traffic, WhiteBIT, officially secured VASP registration in Argentina and opened a representative office in Brazil, where it prepares for official launch under the new regulatory framework.
Cryptocurrency exchange WhiteBIT continues its strategic expansion in Latin America. The company officially secured Virtual Asset Service Provider (VASP) registration in Argentina and prepares to launch operations in Brazil.
Strengthening regional presence
WhiteBIT is expanding B2B and B2C services in Argentina and Brazil, integrating local fiat providers and adding support for national currencies. For individual users in Argentina, the company will provide seamless, secure access to exchange services, making digital assets simple and accessible to everyone.
In Brazil, WhiteBIT has opened a local representative office and prepares for official launch under the forthcoming VASP regulatory framework, expected to take effect this year.
Entering both markets at once underscores WhiteBIT’s strategy to expand regulated crypto services across South America.
Latin America is one of the most dynamic regions in the world when it comes to crypto adoption. Securing our license in Argentina and preparing our launch in Brazil are key milestones in our mission to drive the global adoption of cryptocurrencies by offering reliable, transparent, and innovative digital assets solutions for userssaid Volodymyr Nosov, Founder and President of W Group, the global fintech ecosystem that includes WhiteBIT.
Brazil and Argentina – regional crypto market leaders
According to the 2025 Crypto Adoption and Stablecoin Usage Report by TRM Labs, Brazil ranks 5th and Argentina 18th globally in grassroots crypto adoption. Over the past year alone, cryptocurrency transaction volume in Latin America grew by 63% thanks to participation from individual and institutional players.
Argentina continues to actively use stablecoins as a hedge against inflation, while Brazil leads the region in transaction volumes and enterprise-level blockchain adoption.
WhiteBIT's global expansion
WhiteBIT's entry into the Latin American market follows a series of regulatory achievements over the past year. The company received authorizations in Australia, Croatia, and Italy, and on November 3 launched fully licensed operations in Kazakhstan. The company is committed to widespread adoption of blockchain technologies worldwide.
WhiteBIT remains Europe's largest cryptocurrency exchange by traffic, offering over 800 trading pairs, 340+ assets, and support for 9 fiat currencies. Founded in 2018, the platform is part of W Group, which serves more than 35 million customers globally. WhiteBIT partners with Visa, FACEIT, FC Juventus, and the Ukrainian national football team.
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