WhiteBIT, major European crypto exchange, sets up operations in Nigeria
By Alexander Chiejina
One of the top European cryptocurrency exchanges, WhiteBIT, said it has formally began operations in Nigeria, marking an important step in the expansion of its international reach.
WhiteBIT is poised to alter the cryptocurrency landscape in Nigeria as the community continues to embrace it for its unwavering dedication to security, liquidity, execution speed, and user-friendly trading tools.
WhiteBIT’s choice to establish a representative office in Nigeria furthers its mission of promoting the adoption of blockchain technology and fostering expansion within the global cryptocurrency community. To strengthen its position as a thriving centre for finance and blockchain innovations, WhiteBIT intends to take advantage of the nation’s strong demand for blockchain technology.
According to Volodymyr Nosov, chief executive of WhiteBIT, “Our company’s global purpose and mission is to create mainstream acceptance of blockchain technology and increase the cryptocurrency community in the world. Blockchain and other digital technologies are the way of the future for humanity. We hold fast to and believe in this.
“It makes sense for WhiteBIT to establish a representative office in Nigeria since the cryptocurrency industry continues to grow. Nigeria is a nation that is aware of the potential that cryptocurrencies hold. The public is very interested in blockchain technology. Nigeria now has a great opportunity of becoming a financial and blockchain technology hub. Thus, the launch of WhiteBIT in Nigeria makes perfect sense.
WhiteBIT’s debut into Nigeria happens to coincide with a rise in interest in cryptocurrencies there. This measure will make it possible for both inexperienced and seasoned traders to conduct seamless and secure crypto transactions, facilitating simple access to a variety of digital assets.
WhiteBIT is one of Europe’s biggest cryptocurrency exchanges, with more than four million users globally. The platform allows for spot, margin, and futures trading with adjustable leverage of up to 20x and a maximum daily trading volume of $2.5 billion. Given its placement among the top three most secure crypto exchanges on CER.live, WhiteBIT’s commitment to security is well known.
WhiteBIT is now the second most secure exchange globally thanks to a famous AAA grade given to it by an independent audit carried out by Hacken. To maintain transparency and protect user accounts, the platform uses strong security features like identity verification, two-factor authentication (2FA), and an Anti-Phishing code.
One of the biggest European cryptocurrency exchanges, WhiteBIT was established in Ukraine back in 2018. Safety, openness, and ongoing progress are our top priorities. Currently, the company has over 270 assets, 350 trading pairs, over 10 different national currencies, and an average daily trading volume of over $2.5 billion.