WhiteBIT, one of Europe’s largest cryptocurrency exchanges by traffic, has expanded into the Australian market.
The platform is enhancing its global presence by offering regionally regulated services to both retail and institutional clients.
WhiteBIT expands into Australia with regulatory approval
WhiteBIT has officially launched a dedicated platform for Australian users, following months of preparation to meet regional regulations. The company has secured registration with AUSTRAC as a Digital Currency Exchange Provider and obtained an Independent Remitter Dealer license. These approvals ensure compliance with local laws as WhiteBIT scales its operations in Australia. Founder and president of WhiteBIT Group, Volodymyr Nosov, highlighted the significance of this expansion. He emphasized Australia’s growing role in the Asia-Pacific region and the opportunity to engage with a crypto-savvy audience.
The company aims to promote financial independence and drive blockchain adoption across both Australian and Asian markets. With a favorable regulatory environment, Australia has emerged as a key market for crypto businesses. The country holds a 39-point index score for crypto adoption, aligning with many European nations. WhiteBIT is also building a local team to strengthen its presence and support users in the region.
Rising crypto adoption fuels WhiteBIT’s growth
Australia has demonstrated increasing interest in cryptocurrency investments, creating a strong demand for secure and reliable trading platforms. A recent study revealed that 9.6% of Australian investors own digital assets, with younger generations leading the trend. WhiteBIT intends to support the rising trading demand through its user-friendly platform interface. The platform entered the market by enabling spot trading while anticipating complete service integration in line with other markets.
The platform delivers top-grade services through established regulations within the country.The exchange dedicates efforts to upgrade its system infrastructure while broadening trading resources and accelerating dealing speeds. The WhiteBIT platform established an expansion plan that focuses on delivering cryptocurrency accessibility for users to manage their financial choices through a wide user base.
WhiteBIT maintains global growth and transparency
WhiteBIT has attracted 8 million users who registered across seven European markets and serves a total user base of 35 million customers worldwide. More than $878 million passes through the exchange daily while its trading pair options surpass 300. The exchange system holds a position among the top 15 most trusted platforms and maintains an equivalent position alongside important platforms, including KuCoin.Since 2018 WhiteBIT has achieved international growth and continues to follow strict regulatory standards.
Through its alliance with VISA, WhiteBIT develops business relations with FC Barcelona, Trabzonspor, and the Ukrainian national football team. Through the partnership between WhiteBIT and Bequant, professional traders gain access to high-volume markets.The upcoming derivative products from WhiteBIT will be displayed through a live trading competition. WhiteBIT continues its mission for growth but maintains absolute compliance with industry rules and transparency requirements.