European crypto alternate WhiteBIT has revealed its enlargement throughout Latin America following key registrations with Argentine regulators and its forthcoming launch in Brazil.
WhiteBIT Expands To Argentina And Brazil
Crypto alternate WhiteBIT introduced its upcoming dual-entry into the Argentine and Brazilian markets, following regulatory developments within the two largest international locations in South America.
In response to the announcement, the corporate will convey its business-to-business (B2B) and business-to-consumer (B2C) companies to Argentina and Brazil as a part of its technique to extend its presence throughout the area.
The Latin American transfer follows the alternate’s regulatory achievements in a number of jurisdictions, together with Australia, Croatia, and Italy, in addition to its November 3 launch as a licensed operator in Kazakhstan.
The European crypto alternate is predicted to combine native fiat suppliers and add assist for native currencies to “additional improve accessibility and comfort for home customers in each international locations.”
Notably, WhiteBIT has secured a Digital Asset Service Supplier (VASP) registration in Argentina, looking for to offer seamless, safe entry to alternate companies for particular person customers and make digital property easy and accessible to everybody.
In the meantime, the alternate has already established an area department in Brazil and is getting ready to formally launch underneath the nation’s upcoming VASP regulatory framework, set to take impact by yr’s finish.
The announcement famous that the dual-market enlargement indicators the beginning of a broader regional technique to “foster wider adoption of regulated digital asset companies throughout South America.”
Volodymyr Nosov, Founder and President of W Group, the worldwide fintech ecosystem that features WhiteBIT, affirmed that Latin America is “one of the crucial dynamic areas on the earth in relation to crypto adoption.”
“Securing our license in Argentina and getting ready our launch in Brazil are key milestones in our mission to drive the worldwide adoption of cryptocurrencies by providing dependable, clear, and progressive digital property options for customers,” he continued.
Latin America’s Crypto Adoption
WhiteBIT highlighted the rise in regional crypto transaction quantity in Latin America over the previous yr. As reported by Bitcoinist, Chainalysis’s 2025 World Crypto Adoption Index report, Brazil and Argentina had been among the many main international locations in digital asset adoption this yr.
In response to the September report, Brazil ranked fifth, solely behind India, the US, Pakistan, and Vietnam, main in transaction quantity and enterprise-level blockchain adoption. In the meantime, Argentina ranked 14th, because it continues to depend on stablecoins as a hedge in opposition to inflation.
Furthermore, Latin America has seen a 63% enhance in cryptocurrency transaction quantity prior to now yr, fueled by each particular person and institutional participation. An October Chainalysis report additionally detailed that the area recorded practically $1.5 trillion in crypto transactions between July 2022 and June 2025, reaching a report $87.7 billion in December 2024.
Though the quantity has cooled within the first half of 2025, Latin America stays at a considerably increased baseline than in earlier years, suggesting steady momentum behind crypto adoption.
Brazil dominated the area with $318.8 billion in digital asset worth obtained throughout this era. This accounted for practically one-third of Latin America’s complete crypto exercise. Argentina positioned second regionally with $93.9 billion in transaction quantity, whereas Mexico, Venezuela, and Colombia accomplished the highest 5.
The report additionally famous that centralized exchanges (CEXs) stay the dominant entry level for crypto throughout Latin America, with 64% of exercise going down on CEXs, which “displays each accessibility and belief” for a lot of customers within the area, it concluded.
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