Top Crypto Exchange Expands To Latin America With Argentina And Brazil Market Entry
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 announced its upcoming dual-entry into the Argentine and Brazilian markets, following regulatory developments within the two largest nations in South America.
According to the announcement, the corporate will convey its business-to-business (B2B) and business-to-consumer (B2C) providers 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 help for native currencies to “additional improve accessibility and comfort for home customers in each nations.”
Notably, WhiteBIT has secured a Virtual Asset Service Provider (VASP) registration in Argentina, looking for to offer seamless, safe entry to alternate providers for particular person customers and make digital property easy and accessible to everybody.
Meanwhile, 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 alerts the beginning of a broader regional technique to “foster wider adoption of regulated digital asset providers 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 dynamic areas on the earth on the subject of 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 revolutionary 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 Global Crypto Adoption Index report, Brazil and Argentina had been among the many main nations in digital asset adoption this yr.
According to the September report, Brazil ranked fifth, solely behind India, the US, Pakistan, and Vietnam, main in transaction quantity and enterprise-level blockchain adoption. Meanwhile, Argentina ranked 14th, because it continues to depend on stablecoins as a hedge towards inflation.
Moreover, Latin America has seen a 63% enhance in cryptocurrency transaction quantity up to now yr, fueled by each particular person and institutional participation. An October Chainalysis report additionally detailed that the area recorded almost $1.5 trillion in crypto transactions between July 2022 and June 2025, reaching a report $87.7 billion in December 2024.
Although the quantity has cooled within the first half of 2025, Latin America stays at a considerably greater baseline than in earlier years, suggesting secure momentum behind crypto adoption.
Brazil dominated the area with $318.8 billion in digital asset worth acquired throughout this era. This accounted for almost 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 happening on CEXs, which “displays each accessibility and belief” for a lot of customers within the area, it concluded.
