WhiteBIT TR and Misyon Bank Sign Crypto Agreement—Details Inside

Coingapestaff
January 22, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
WhiteBIT

WhiteBIT TR, established by Europe’s largest cryptocurrency exchange, has cracked a new partnership with a bank, that can help expand its reach going forward.

To be precise, the crypto exchange made a strategic partnership with Misyon Bank, a platform that aims to provide a secure transaction experience in the crypto world with its innovative solutions and reliable infrastructure.

Thanks to this latest collaboration, Misyon Bank will be able to connect with individual investors across Europe through WhiteBIT TR— its third major initiative of the latter in the digital assets space, following two global partnerships.

Details about this partnership

The agreement terms between MisyonTech, the financial technology and digital asset subsidiary of Misyon Bank, and WhiteBIT TR revealed that the latter will provide liquidity for major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDC, USDT, and Avalanche (AVAX), on Turkey’s first bank-secured crypto asset platform, which also features advanced tokenization capabilities.

The Capital Markets Board’s Crypto Asset Service Providers List lists Misyon Bank as the first Turkish institution authorized to provide both custody and platform services in the cryptocurrency space. This was highlighted by Emre Yetişkin, Chairman of the Board of WhiteBIT TR, during the signing ceremony.

Yetişkin said, “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.”  He further mentioned that they are proud to contribute to Misyon Bank’s journey as it advances toward its ambitious goals.

Notably, WhiteBIT TR offers more than 330 digital assets and 440 trading pairs to users. In just six months, it reached over 100,000 users in Turkey, where they have been operating since 2022 with a 100% compliance assurance.

Questions on digital asset regulation in Turkey answered

Additionally, Muhammet Cerit, CEO of MisyonTech,  mentioned that the agreement they signed today with WhiteBIT TR is the first stage of their goal to reach individual investors in Europe. Cerit also responded to questions regarding Turkish laws governing digital assets during the signing ceremony.

He mentioned, “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.”

To wrap up

Crypto adoption is rising at a fast pace globally, and WhiteBIT TR and Misyon Bank’s latest partnership is yet another example of this. The deal ensures liquidity for major cryptocurrencies on Turkey’s first bank-secured crypto platform, advancing Misyon Bank’s leadership in the digital asset space.

WhiteBIT Group is actively shaping the future of crypto-as-a-service for the business-to-business market, which includes WhiteBIT TR. With over 1,300 institutional clients at the moment, it is amenable to joint ventures with banks, digital payment companies, and other financial institutions.

Thus, the first debit card for cryptocurrency payments was just released by Visa and WhiteBIT. Financial institutions can boost functionality and open up new revenue streams by integrating crypto solutions into their operations. This includes giving customers the ability to store digital assets, create crypto wallets, buy cryptocurrency with fiat, and more. WhiteBIT Group is prepared to enter new partnerships and increase its market share abroad.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.