- WhiteBIT secures regulatory licenses in Croatia, Italy, and Kazakhstan to advance global digital asset services.
- The move reinforces compliance with evolving crypto regulations such as the EU’s MiCA framework.
- Kazakhstan becomes a strategic hub for regional growth and custodial service expansion.
European cryptocurrency exchange WhiteBIT has officially expanded into Kazakhstan, marking another milestone in its international growth strategy. The exchange has obtained principal approval from the Astana Financial Services Authority (AFSA) to operate within the Astana International Financial Centre (AIFC), allowing it to run a regulated digital asset trading platform and offer custodial services.
This development follows the company’s recent success in acquiring Virtual Asset Service Provider (VASP) licenses in Croatia, Italy, and Kazakhstan. The approvals signify WhiteBIT’s intent to provide secure, compliant, and transparent digital asset services to both institutional and retail clients.
The firm’s entry into Kazakhstan reflects its recognition of the region’s growing significance in the global crypto economy, particularly in fostering regulated market environments.
Europe Emerges as a Key Player in Global Crypto Activity
WhiteBIT’s expansion aligns with the shifting global trend toward regulated digital finance ecosystems. The EU’s Markets in Crypto-Assets (MiCA) framework, now in force, has created a standardized environment for crypto operations across Europe, encouraging innovation while ensuring legal clarity.
According to the 2024 Geography of Crypto Report by Chainalysis, the Central, Northern, and Western Europe region, including Italy and Croatia, represents 21.7% of the global crypto market, second only to North America.
In contrast, Central and South Asia and Oceania, encompassing Kazakhstan, accounts for 16.6%, confirming the region’s growing influence.
WhiteBIT aims to capitalize on this momentum by developing infrastructure solutions for enterprises and streamlined services for end users, all while maintaining full regulatory compliance.
This dual-focus strategy positions the company to drive innovation in both B2B and B2C markets, supporting institutional trading, OTC services, and exchange integration via APIs, alongside user-friendly spot trading for individuals.
WhiteBIT Expands Across Seven Global Offices
Operating from seven global offices and serving over 5.5 million users, WhiteBIT continues to enhance its reputation as a trusted exchange rooted in compliance and transparency.
Through its WhiteBIT Group, which supports a broader community exceeding 30 million users, the company reinforces its commitment to lawful operations in every jurisdiction it enters.
Earlier this year, WhiteBIT also became one of the first exchanges to apply for and be listed in Turkey’s official crypto registry, underscoring its proactive approach to regulatory engagement.
By prioritizing compliance and innovation, WhiteBIT is positioning itself as a cornerstone of the evolving digital asset economy, fostering trust among governments, institutions, and individual users alike.
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