WhiteBIT Launches US-Based Exchange with Ambitious Expansion Plans
In a significant move to expand its global footprint, WhiteBIT, a leading European cryptocurrency exchange, has launched WhiteBIT US, a New York-based licensed exchange offering spot trading and ramping services. This development marks a crucial milestone in the company’s seventh anniversary and its evolution into a broader fintech ecosystem.
The US launch is a strategic decision, driven by the country’s proactive approach to cryptocurrencies and its strong policy to attract technology companies. As Volodymyr Nosov, founder and CEO of WhiteBIT and President of W Group, noted, “The U.S. is focused on growing the industry and strengthening its leadership in blockchain innovation.” With this launch, WhiteBIT aims to provide American users with high security standards, compliance protocols, and competitive trading fees.
Key Features and Services
At launch, verified US users will have access to spot trading, instant exchange, and on/off ramp services. WhiteBIT US plans to expand its offerings with fiat integration, institutional KYB onboarding, custody, and liquidity solutions. The company has established its headquarters in New York and assembled a team of US-based executives supported by satellite offices across the country. With over 1,300 employees worldwide, WhiteBIT plans to expand its American workforce by hiring local talent.
The company’s commitment to security is evident in its impressive track record, with no reported breaches and multiple industry certifications. WhiteBIT is ranked among the top three exchanges for security by CER.live, has CryptoCurrency Security Standard (CCSS) Level 3 certification, and adheres to AML and KYC compliance standards. With a user base of over 35 million worldwide, WhiteBIT has established itself as a trusted and reliable player in the cryptocurrency market.
Global Expansion and Partnerships
WhiteBIT’s US debut coincides with its seventh anniversary and marks its evolution from a single exchange to W Group, a global fintech ecosystem that includes eight companies in crypto, payments, banking, and blockchain infrastructure. The company has also launched a global brand campaign to address public concerns about cryptocurrencies, with one of the campaign videos premiering in Times Square starting November 28th. Earlier this year, WhiteBIT announced a strategic agreement with Durrah AlFodah Holding to advance Saudi Arabia’s digital finance and blockchain development.
With its ambitious expansion plans, WhiteBIT is poised to make a significant impact in the US market. As the company continues to grow and evolve, it remains committed to providing its users with a secure, reliable, and innovative platform for cryptocurrency trading and services. For more information, visit https://crypto.news/whitebit-opens-new-york-based-u-s-exchange-with-expansion-plans/
