European crypto exchange WhiteBIT has revealed its expansion across Latin America following key registrations with Argentine regulators and its forthcoming launch in Brazil.
WhiteBit Expands To Argentina And Brazil
Crypto exchange WhiteBIT announced its upcoming dual-entry into the Argentine and Brazilian markets, following regulatory advancements in the two largest countries in South America.
According to the announcement, the company will bring its business-to-business (B2B) and business-to-consumer (B2C) services to Argentina and Brazil as part of its strategy to increase its presence across the region.
The Latin American move follows the exchange’s regulatory achievements in multiple jurisdictions, including Australia, Croatia, and Italy, as well as its November 3 launch as a licensed operator in Kazakhstan.
The European crypto exchange is expected to integrate local fiat providers and add support for local currencies to “further enhance accessibility and convenience for domestic users in both countries.”
Notably, WhiteBit has secured a Virtual Asset Service Provider (VASP) registration in Argentina, seeking to provide seamless, secure access to exchange services for individual users and make digital assets simple and accessible to everyone.
Meanwhile, the exchange has already established a local branch in Brazil and is preparing to officially launch under the country’s upcoming VASP regulatory framework, set to take effect by year’s end.
The announcement noted that the dual-market expansion signals the start of a broader regional strategy to “foster wider adoption of regulated digital asset services across South America.”
Volodymyr Nosov, Founder and President of W Group, the global fintech ecosystem that includes WhiteBIT, affirmed that Latin America is “one of the most dynamic regions in the world when it comes to crypto adoption.”
“Securing our license in Argentina and preparing our launch in Brazil are key milestones in our mission to drive the global adoption of cryptocurrencies by offering reliable, transparent, and innovative digital assets solutions for users,” he continued.
Latin America’s Crypto Adoption
WhiteBit highlighted the increase in regional crypto transaction volume in Latin America over the past year. As reported by Bitcoinist, Chainalysis’s 2025 Global Crypto Adoption Index report, Brazil and Argentina were among the leading countries in digital asset adoption this year.
According to the September report, Brazil ranked fifth, only behind India, the US, Pakistan, and Vietnam, leading in transaction volume and enterprise-level blockchain adoption. Meanwhile, Argentina ranked 14th, as it continues to rely on stablecoins as a hedge against inflation.
Moreover, Latin America has seen a 63% increase in cryptocurrency transaction volume in the past year, fueled by both individual and institutional participation. An October Chainalysis report also detailed that the region recorded nearly $1.5 trillion in crypto transactions between July 2022 and June 2025, reaching a record $87.7 billion in December 2024.
Although the volume has cooled in the first half of 2025, Latin America remains at a significantly higher baseline than in previous years, suggesting stable momentum behind crypto adoption.
Brazil dominated the region with $318.8 billion in digital asset value received during this period. This accounted for nearly one-third of Latin America’s total crypto activity. Argentina placed second regionally with $93.9 billion in transaction volume, while Mexico, Venezuela, and Colombia completed the top five.
The report also noted that centralized exchanges (CEXs) remain the dominant entry point for crypto across Latin America, with 64% of activity taking place on CEXs, which “reflects both accessibility and trust” for many users in the region, it concluded.
