Dual-Market Expansion in Latin America
WhiteBIT has secured a Virtual Asset Service Provider (VASP) registration in Argentina and is preparing to soon launch operations in Brazil. The company aims to accelerate its expansion across the growing Latin American market. This move aligns with WhiteBIT’s broader goal of fostering the global adoption of regulated digital asset services.
The exchange is expanding its business-to-business (B2B) and business-to-consumer (B2C) services across Argentina and Brazil. To better serve local users, the company is integrating local fiat providers and adding support for local currencies, enhancing accessibility and convenience in both countries.
In Argentina, the VASP registration allows WhiteBIT to provide seamless and secure access for its individual users, with a focus on making digital assets accessible and simple.
In Brazil, WhiteBIT has set up a local branch and is getting ready for an official launch under the country’s forthcoming VASP regulatory framework, which is anticipated to happen later this year.
“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 users.”
Volodymyr Nosov, Founder and President of W Group
Global Expansion and Regulatory Milestones
WhiteBIT’s entry into the Latin American market is preceded by a number of recent regulatory and expansionary milestones worldwide. Over the past year, the company has successfully secured authorizations in other key international markets, including Australia, Croatia, and Italy. Most recently, on November 3, WhiteBIT officially launched its licensed operations in Kazakhstan. These developments demonstrate WhiteBIT’s effort in expanding responsibly by cooperating closely with regulators globally, as WhiteBIT works to strengthen its international presence.
The Importance of Brazil and Argentina
This dual-market strategy is a response to the growing crypto economies in both countries, which are regional leaders in adoption. According to the 2025 Chainalysis Global Crypto Adoption Index, Brazil ranks 5th globally in grassroots crypto adoption, while Argentina ranks 14th. Latin America as a whole has witnessed a total of 63% increase in cryptocurrency transaction volume over the past year.
The drivers of adoption differ between the two nations; Argentina continues to rely heavily on stablecoins as a crucial hedge against its high inflation rate. Brazil, on contrast, leads the region in overall transaction volumes and is at the forefront of enterprise-level blockchain adoption. WhiteBIT’s dual entry acknowledges these different market needs.
Broader Regional Strategy
WhiteBIT’s move into Argentina and Brazil is not an isolated event but rather the start of a bigger strategy. The company aims for wider adoption of regulated digital asset services across South America. By establishing a localized footprint in the two largest crypto economies in the region, WhiteBIT is setting up a base for extensive growth.
This expansion is intended to increase competition and enhance the quality of crypto services available to millions of Latin American users. For users in Argentina and Brazil, WhiteBIT’s integration of local fiat providers is expected to make buying, selling, and using digital assets simpler and more cost-effective. The company’s emphasis on compliance under the new VASP regulatory frameworks in both countries signals a move toward institutional trust and security in the crypto landscape.
By securing VASP registration in Argentina and establishing a presence ahead of new regulatory frameworks in Brazil, WhiteBIT is making a decisive move for crypto adoption. This expansion is a step towards the company’s global mission to make digital assets reliable, transparent, and accessible to a worldwide audience.