WhiteBIT Expands in Latin America with Argentina VASP Registration
WhiteBIT has obtained a Virtual Asset Service Provider (VASP) registration in Argentina. The company also opened a local branch to prepare for its launch in Brazil. This move aims to boost WhiteBIT’s presence in the growing Latin American cryptocurrency market.
Focus on Local Services and Currencies
WhiteBIT is expanding both business-to-business (B2B) and business-to-consumer (B2C) offerings in Argentina and Brazil. The exchange is integrating local fiat providers and adding support for the region’s currencies. This will improve accessibility and convenience for users in both countries.
In Argentina, the VASP registration enables WhiteBIT to provide secure and straightforward access to digital assets. In Brazil, the company is preparing to launch officially under the country’s upcoming VASP regulations, expected later this year.
Volodymyr Nosov, Founder and President of W Group, said, “Latin America is one of the most dynamic regions globally for crypto adoption. Securing our license in Argentina and preparing our launch in Brazil are key milestones for driving global crypto adoption with reliable and innovative solutions.”
Global Expansion and Regulatory Progress
WhiteBIT’s Latin America entry follows recent regulatory approvals in other markets. In the past year, the exchange obtained licenses in Australia, Croatia, and Italy. On November 3, WhiteBIT officially launched licensed operations in Kazakhstan.
These steps demonstrate WhiteBIT’s commitment to expanding responsibly by working closely with global regulators and strengthening its international presence.
Significance of Brazil and Argentina in Crypto Adoption
Brazil and Argentina rank among the top countries worldwide for crypto adoption. According to the 2025 Chainalysis Global Crypto Adoption Index, Brazil ranks fifth, and Argentina ranks 14th globally.
Latin America’s crypto transaction volume rose 63% over the past year. Adoption drivers differ for each country:
- Argentina heavily relies on stablecoins to hedge against high inflation.
- Brazil leads in transaction volumes and enterprise blockchain adoption.
WhiteBIT’s strategy addresses these distinct market needs by targeting both countries simultaneously.
Broader South American Strategy
WhiteBIT’s expansion into Argentina and Brazil is part of a wider plan to promote regulated digital asset services across South America. Establishing local operations in the region’s largest crypto economies lays the foundation for significant growth.
The company’s integration of local fiat providers will simplify buying, selling, and using digital assets for millions of users. Prioritizing compliance with new VASP regulations in both countries signals WhiteBIT’s focus on security and institutional trust in the crypto market.
By securing VASP registration in Argentina and preparing for Brazil’s regulatory environment, WhiteBIT advances its global mission. The company aims to make digital assets reliable, transparent, and accessible worldwide.
