European crypto exchange WhiteBIT has revealed its expansion across Latin America following key registrations with Argentine regulators and its forthcoming launch in Brazil.
According to the announcement, the company will bring its business-to-business (B2B) and business-to-consumer (B2C) services to Argentina and Brazil as part of its strategy to increase its presence across the region.
The European crypto exchange is expected to integrate local fiat providers and add support for local currencies to “further enhance accessibility and convenience for domestic users in both countries.”
Notably, WhiteBIT has secured a Virtual Asset Service Provider (VASP) registration in Argentina, seeking to provide seamless, secure access to exchange services for individual users and make digital assets simple and accessible to everyone.
The announcement noted that the dual-market expansion signals the start of a broader regional strategy to “foster wider adoption of regulated digital asset services across South America.”
Volodymyr Nosov, Founder and President of W Group, the global fintech ecosystem that includes WhiteBIT, affirmed that 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,” he continued.
According to the September report, Brazil ranked fifth, only behind India, the US, Pakistan, and Vietnam, leading in transaction volume and enterprise-level blockchain adoption. Meanwhile, Argentina ranked 14th, as it continues to rely on stablecoins as a hedge against inflation.
Brazil dominated the region with $318.8 billion in digital asset value received during this period. This accounted for nearly one-third of Latin America’s total crypto activity. Argentina placed second regionally with $93.9 billion in transaction volume, while Mexico, Venezuela, and Colombia completed the top five.
The report also noted that centralized exchanges (CEXs) remain the dominant entry point for crypto across Latin America, with 64% of activity taking place on CEXs, which “reflects both accessibility and trust” for many users in the region, it concluded.
