VILNIUS, Lithuania, January 10th, 2025,
FinanceWire
WhiteBIT TR
cryptocurrency exchange has announced a strategic partnership with
Turkey's first neobank, Misyon Bank, ushering in 2025 with a
significant milestone for the Turkish cryptocurrency sector. This
collaboration enables Misyon Bank to connect with individual
investors across Europe through WhiteBIT TR, marking its third
major initiative in the digital assets space, following two global
partnerships.
As per the agreement between MisyonTech, the financial
technology and digital asset subsidiary of Misyon Bank, and
WhiteBIT TR, the latter will provide liquidity for major
cryptocurrencies, including BTC, ETH, USDC, USDT, and AVAX, on
Turkey's first bank-secured crypto asset platform, which also
features advanced tokenization capabilities.
At the signing ceremony, Emre Yetişkin, Chairman of the Board of
WhiteBIT TR, emphasized that Misyon Bank, listed in the Capital
Markets Board's Crypto Asset Service Providers List, is the first
institution in Turkey authorized to offer both custody and platform
services in the cryptocurrency sector.
Yetişkin stated, “Turkey, as a regional leader in the
crypto asset sector, also dominates stable cryptocurrency trading
volumes in the region. We commend the progress Misyon Bank has made
as a pioneer in Turkey's digital asset space, aligning with global
trends while showcasing a forward-thinking regional vision. We are
proud to contribute to Misyon Bank's journey as it advances toward
its ambitious goals.”
"We reached over 100,000 users in a short
time"
Evaluating WhiteBIT Group's position in the global and
Turkish markets, Yetişkin said, "The high performance behind this
success lies in being one of the safest exchanges in the world and
our asset diversity. We offer more than 330 digital assets and 440
trading pairs to our users. In Turkey, where we have been operating
with a 100% compliance commitment since 2022, we reached over
100,000 users in just six months."
"Secondary regulations are strengthening Turkey's
position as a regional investment hub"
Muhammet Cerit, CEO of MisyonTech, stated, "Turkey
ranks first in Europe, second in MENA, and third in the world in
terms of crypto asset ownership. This year, we took significant
steps in regional expansion with global partnerships across 25
countries in Africa and the Middle East. The agreement we signed
today with WhiteBIT TR is the first stage of our goal to reach
individual investors in Europe. WhiteBIT TR, which has been serving
Turkish users since 2022, is one of the exchanges that knows our
country and market, standing out in Turkey with its speed and
security features. We are happy to partner with a strong ally that
will support our goals of expanding our investor base both in
Turkey and globally and providing access to Turkish assets for
foreign individual investors."
During the signing ceremony, Cerit also answered
questions about digital asset regulations in Turkey, stating, "The
initial regulations on digital assets in our country have
strengthened Turkey’s position as a regional investment hub. We
expect the completion of secondary regulations in the first month
of 2025, which will also renew crypto investors' confidence in the
market. In this context, our platform is ready to meet the growing
supply of crypto assets, both for custody and trading
operations."
WhiteBIT Group is actively developing the direction of
crypto-as-a-service for the B2B sector. It currently has more than
1,300 institutional clients and is open to partnerships with banks,
digital payment providers, and other financial institutions. Thus,
WhiteBIT and Visa recently introduced the first debit card for
crypto payments. By incorporating crypto solutions into business,
financial institutions can enhance functionality and unlock new
revenue streams by providing customers with opportunities to
purchase crypto with fiat, store digital assets, create crypto
wallets, and more. WhiteBIT Group is ready for new collaborations
and expanding its influence on international markets.
About WhiteBIT TR
WhiteBIT, Europe's largest cryptocurrency exchange,
established WhiteBIT TR in April 2024
with a Turkish team. Within six months, the crypto exchange
surpassed hundreds of thousands of active users, operating in full
compliance with Turkey's regulations. WhiteBIT TR fully adopts the
technology and security measures of a global platform that became
the first exchange to achieve the highest cryptocurrency security
standard level. The company has successfully passed the CryptoCurrency Security
Standard (CCSS) certification, which secured the top position
in the CER.live cryptocurrency exchange security ranking, achieving
a perfect score of 100 out of 100.
WhiteBIT, a sponsor of FC Barcelona and FC Trabzonspor, has
achieved significant growth through WhiteBIT TR, surpassing 100
corporate clients and ranking among the top 10 cryptocurrency
applications. With a portfolio of over 330 digital assets and 440
trading pairs, WhiteBIT TR provides a range of B2B and VIP
services, including crypto-as-a-service. WhiteBIT TR continues to
enhance the WhiteBIT Group’s product ecosystem which includes
WhiteBIT Coin (WBT) operating on its proprietary blockchain,
Whitechain, while delivering optimal conditions for all its
clients.
About Misyon Bank
Misyon Bank, Turkey’s first neobank, is
progressing with the goal of becoming the region's leading
investment bank by focusing on custody, platform, service banking,
and digital asset services to meet the needs of the new
economy.
With the largest custody ecosystem in Turkey, Misyon Bank has
localized and strengthened Swiss custody technology in
collaboration with ITU Teknopark. Offering securities custody
services under the "anakasa" brand to the capital markets, Misyon
Bank has completed its preparations in the digital asset custody
space and, together with its subsidiary MisyonTech, is listed in
the Capital Markets Board's Crypto Asset Service Providers List.
Misyon Bank is the only institution in Turkey authorized to provide
both custody and platform services in the cryptocurrency field.
Contact
WhiteBIT
pr@whitebit.com