WhiteBIT, Europe's Largest Crypto Exchange, Expands Its Business Into Australia

WhiteBIT, Europe’s Largest Crypto Exchange, Expands Its Business Into Australia

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WhiteBIT, Europe’s largest crypto exchange, continues to expand its business globally. The company has now joined the mass adoption of blockchain technology in Australia. By providing a secure and easy-to-use platform, WhiteBIT plans to grow the cryptocurrency community in the Australian continent as well.

As part of a recent visit to Australia, CEO Volodymyr Nosov toured three regions of the country, visiting Sydney, Canberra and Melbourne.

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A meeting was held with Ukrainian Ambassador to Australia Vasiliy Miroshnichenko. Volodymyr Nosov also met with employees of Australian government agencies, regulators and representatives of the banking industry. WhiteBIT has now opened an Australian office, which will be headed by Alexander Sirica. Previously, the new CEO of WhiteBIT Australia worked as WhiteBIT’s International Business Development Manager. WhiteBIT Australia already brings together a local team of specialists and like-minded people. WhiteBIT then plans to establish a financial center in Melbourne.

The required financial license for Australian projects has already been obtained.
“Every day, WhiteBIT cares about the financial freedom and well-being of our users around the world. The expansion of the company’s activities, the plans for the development of the cryptocurrency community in the Australian continent being the next step in our mission to massively diffuse blockchain technology in a global dimension. Australia is a country where 20-30% of investors have savings in cryptocurrency. In other words, Australians are at the forefront of global technological progress. That’s why we decided to start developing the company’s financial hub on the Australian mainland. An additional reason was the support from the public sector, as well as the high level of hospitality and interest from Australian regulators and banking industry representatives,” Volodymyr Nosov pointed out.

Evidence of the rapid development of the crypto industry on the continent can be seen in the numerous industry events that attract the continued interest of crypto business representatives and their customers. An important event in the process of implementing WhiteBIT’s declared plans was its participation in the fintech 21 conference, which took place in May at Marvel Stadium in Melbourne, Australia.

The event is a discussion platform for the most active and innovative fintech and blockchain companies to meet the growing needs of the local crypto community. The opening of the representative office of WhiteBIT in Australia was the next step after the scaling of the company’s activities in European countries – Spain and Turkey, where the owners of the crypto exchange also define dialogue with the public sector, banks and telecommunications companies.
“In one year, WhiteBIT’s active audience has grown 20x. We expect the industry’s most advanced methods and technologies, which we have implemented on our platform, to allow WhiteBIT to continue to grow rapidly. the number of our customers worldwide, ” Volodymyr Nosov underlined.

Every WhiteBIT crypto wallet and account is protected with two-factor authentication and anti-phishing programs. Additionally, with 96% of all devices enabled on cold wallets (not using the internet), the WAF web application firewall is used to detect and block hacker attacks.

Note: WhiteBIT is the largest cryptocurrency exchange in Europe. It meets all KYC and AML requirements. It is among the 2 best exchanges in the world in terms of security, according to an independent audit by Hacken and a AAA rating. The WhiteBIT team brings together 500 members.


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Gary Cartwright

Gary Cartwright

Gary Cartwright is editor-in-chief and Brussels correspondent for EU Today.

An experienced journalist and author, he specializes in the environment, energy and defence.

He also has over 10 years of experience as a staff member of the European institutions, working with political groups and MEPs in various policy areas.

In October 2021, POLITICO described Gary as “the busiest man in Brussels!”

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