WhiteBIT TR and Misyon Bank Sign Agreement

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2025 saw a notable achievement for the Turkish cryptocurrency sector as WhiteBIT TR, a leading cryptocurrency exchange in Turkey, entered into a strategic alliance with Misyon Bank – Turkey’s pioneering neobank. This partnership empowers Misyon Bank to reach individual European investors via WhiteBIT TR, which represents its third significant move in the digital assets industry after two international collaborations.

Under the terms of their agreement, WhiteBIT TR is set to supply liquidity for prominent cryptocurrencies like Bitcoin, Ethereum, USD Coin, Tether, and Avalanche, on Turkey’s premier bank-backed crypto asset platform developed by MisyonTech, a subsidiary of Misyon Bank. This platform also offers advanced tokenization functionalities.

During the official ceremony, Emre Yetişkin, head of WhiteBIT TR’s board, highlighted that Misyon Bank, a bank listed on the Turkish Capital Markets Board’s Crypto Asset Service Providers List, is the pioneering institution in Turkey to offer both safekeeping and platform services within the cryptocurrency industry. In simpler terms, Yetişkin pointed out that Misyon Bank is the first bank in Turkey authorized to provide these specific cryptocurrency-related services.

In the crypto sector, Turkey stands out as a regional frontrunner and leads in trading volumes of stable cryptocurrencies within the region. Kudos to Misyon Bank for their trailblazing work in Turkey’s digital asset industry, demonstrating both global trend alignment and a forward-thinking regional perspective. We are honored to be part of Misyon Bank’s development as they continue striving towards their lofty objectives.

“We reached over 100,000 users in a short time”

Evaluating WhiteBIT Group’s position in the global and Turkish markets, Yetişkin said,

The key factors contributing to our success are our exceptional safety record and wide variety of assets. We provide access to over 330 digital assets and 440 trading pair options for our users. In Turkey, where we’ve maintained a full compliance commitment since 2022, we were able to amass more than 100,000 users within six months.

“Secondary regulations are strengthening Turkey’s position as a regional investment hub”

Muhammet Cerit, CEO of MisyonTech, stated,

Turkey holds the top spot in crypto asset ownership among European countries, second place in Middle East and North Africa (MENA) region, and third position worldwide. This year, we’ve made substantial strides in regional growth through collaborations with global partners spanning 25 countries across Africa and the Middle East. The agreement we are signing today with WhiteBIT TR marks the initial phase of our ambition to connect with individual European investors. Established in Turkey since 2022, WhiteBIT TR is one of the exchanges that understands our market and country, boasting quick and secure services that stand out among Turkish users. We’re delighted to team up with a robust partner who will help us achieve our objectives of expanding our investor base, not only in Turkey but also worldwide, while offering foreign individual investors access to Turkish assets.

At the signing event, Cerit additionally addressed queries regarding digital asset regulations in Turkey, clarifying his stance on the matter.

Strong digital asset rules established in our nation have solidified Turkey as a key investment center in the region. We anticipate finishing additional regulations in the first month of 2025, which should rebuild crypto investors’ trust in the market. With that in mind, our platform is prepared to handle the increasing demand for cryptocurrency assets, catering to both storage and trading needs.

WhiteBIT Group is aggressively exploring the field of cryptocurrency services tailored for businesses (B2B). They boast over 1,300 institutional clients and are eager to collaborate with banks, digital payment providers, and other financial entities. In a groundbreaking move, WhiteBIT teamed up with Visa to unveil the initial debit card for crypto transactions. By integrating cryptocurrency solutions into their operations, financial institutions can boost functionality and open up fresh income streams by offering customers the ability to buy cryptocurrencies using fiat money, store digital assets, create crypto wallets, and much more. WhiteBIT Group welcomes new partnerships and aims to broaden its impact on global markets.

About WhiteBIT TR

In April 2024, Europe’s largest crypto exchange, WhiteBIT, launched its Turkish branch, WhiteBIT TR, with a local team. Within just six months, the crypto exchange boasted over half a million active users, all while strictly adhering to Turkey’s regulatory guidelines. WhiteBIT TR employs the technology and security measures of a globally recognized platform, making it the first exchange to attain the highest level of cryptocurrency security. The company has received the CryptoCurrency Security Standard (CCSS) certification, placing it at the top of the CER.live crypto exchange security rankings with a perfect score of 100 out of 100.

WhiteBIT, a supporter of FC Barcelona and FC Trabzonspor, has experienced substantial expansion via WhiteBIT TR, securing more than 100 corporate clients and positioning itself among the top 10 cryptocurrency apps. Offering access to over 330 digital assets and 440 trading pairs, WhiteBIT TR caters to both business-to-business (B2B) and VIP clients with services like crypto-as-a-service. The growth of WhiteBIT TR contributes to the broader product lineup of the WhiteBIT Group, which encompasses the WhiteBIT Coin (WBT) on its own blockchain, Whitechain, and strives to provide a favorable environment for all users.

About Misyon Bank

Mission Bank, Turkey’s pioneering neobank, is advancing with the aim of establishing itself as the premier investment bank in the region. To cater to the demands of the evolving economy, it emphasizes on custody services, platform banking, service-oriented banking, and digital asset management.

Mission Bank, boasting the most extensive custody system in Turkey, has partnered with ITU Teknopark to adapt and enhance Swiss custody technology. Operating under the “anakasa” brand in capital markets, Misyon Bank has readied itself for digital asset custody services. In tandem with its subsidiary, MisyonTech, it now appears on the Capital Markets Board’s list of Crypto Asset Service Providers. Uniquely positioned in Turkey, Misyon Bank is the sole institution allowed to offer both custody and platform services within the cryptocurrency sector.

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2025-01-10 16:31