Tuesday, 02 January 2024 12:17 GMT

Whitebit Expands Into Kazakhstan To Support Regulated Digital Asset Market Growth


(MENAFN- Crypto Breaking) Astana, Kazakhstan - European cryptocurrency exchange WhiteBIT has officially entered the Kazakhstan market, supporting the country's ongoing development of a regulated and transparent digital asset ecosystem. The launch increases access to secure trading infrastructure and global financial technologies for local users.

Kazakhstan has emerged as a notable hub in the digital economy, where the development of crypto markets is approached gradually, with regulatory clarity and consumer protection in focus. This aligns with WhiteBIT's long-standing commitment to compliance, responsible onboarding, and security-driven product development.

- Volodymyr Nosov, Founder and President of W Group (the ecosystem that includes WhiteBIT).

WhiteBIT serves over 8 million users globally and maintains partnerships with Juventus FC, Visa, and technology providers across Europe and Asia. This experience enables the company to localize solutions in Kazakhstan without compromising security standards.

Security and Compliance at the Core

Since 2018, WhiteBIT has prioritized infrastructure resilience and user asset protection:

  • Compliance with global KYC/AML standards
  • ~96% of assets stored in cold wallets
  • Multi-layer cybersecurity architecture and regular audits
  • Top-3 most secure global exchanges, according to CER
  • PCI DSS and CCSS Level 3 certifications

Local Users Will Be Able To

  • Trade and exchange digital assets
  • Access and use the WBT token ecosystem
  • Use Whitechain, a blockchain designed for speed and verifiable data integrity

Support for Kazakhstani tenge (KZT) deposits and withdrawals is planned as part of the next stage of local service expansion.

WhiteBIT also plans to contribute to community development through educational initiatives, local partnerships, AMAs, and events aimed at increasing financial literacy and adoption.

- Maxat Kurmanov, CEO, WhiteBIT Kazakhstan.

About WhiteBIT

WhiteBIT is a European cryptocurrency exchange offering 900+ trading pairs, 340+ assets, and support for 9 fiat currencies. Founded in 2018, the platform is part of W Group, which serves over 35 million users worldwide. WhiteBIT works to expand global blockchain adoption and enable secure access to digital financial tools.

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