WhiteBIT Obtains Broker License in Georgia
WhiteBIT, one of Europe’s leading cryptocurrency exchanges by user traffic, has successfully obtained a broker license from the National Bank of Georgia (NBG) for its local subsidiary, WhiteBIT Broker. This new licensing empowers the company to offer trading in crypto derivatives, including perpetual futures, specifically tailored for the Georgian market. Previously, WhiteBIT has been engaged with Georgian customers through spot trading via a different entity.
Enhancing Accessibility and Compliance
The establishment of WhiteBIT Broker signals a strategic move to enhance the accessibility of regulated derivatives and financial instruments, accessible soon at whitebit.ge. This initiative promises Georgian traders and investors a platform that emphasizes compliance, operational reliability, and transparency. As a result, users in Georgia will benefit from a structured environment meant to bolster their trading experiences, amidst a burgeoning digital asset landscape.
Commitment to Expansion and Security
This licensing achievement, facilitated in collaboration with consulting firm Clarsen, underscores WhiteBIT’s commitment to expanding its footprint across regulated jurisdictions while simultaneously nurturing the developing digital asset ecosystem in Georgia. The country is gaining traction as a burgeoning center for cryptocurrency, bolstered by a supportive regulatory atmosphere and rising acceptance levels among its populace. Notably, Georgia ranks impressively within the global cryptocurrency adoption spectrum, holding the 3rd position according to the 2025 Global Crypto Adoption Index by Chainalysis, particularly when adjusting figures based on its population.
Security and Infrastructure
WhiteBIT has made its mark in the industry by prioritizing security, compliance, and reliable infrastructure. With around 96% of user assets safeguarded in cold storage, the platform’s operations are fortified through multi-layered security protocols and independent audits. The exchange has achieved the highest certification under the Cryptocurrency Security Standard (CCSS Level 3) and enjoys an AAA rating from CER.live, positioning it among the safest cryptocurrency exchanges worldwide.
Future of Derivative Trading in Georgia
With the introduction of regulated derivative trading in Georgia, WhiteBIT is set to expand access to compliant cryptocurrency offerings, reinforcing the nation’s emerging role as a hub for financial innovation in the region.
