WhiteBIT TR and Misyon Bank Form Partnership

The Turkish cryptocurrency industry celebrates a noteworthy advancement as 2025 kicks off. WhiteBIT TR has formed a strategic alliance with Misyon Bank, Turkey's first neobank. This partnership will allow Misyon Bank to engage with individual investors throughout Europe via WhiteBIT TR. This marks the third significant initiative by WhiteBIT TR in the realm of digital assets, following two other international collaborations.

Under the agreement between MisyonTech, the digital asset and financial technology arm of Misyon Bank, and WhiteBIT TR, the latter will supply liquidity for key cryptocurrencies such as BTC, ETH, USDC, USDT, and AVAX. This will take place on Turkey's inaugural bank-secured crypto asset platform, which also includes sophisticated tokenization features.

During the signing event, Emre Yetişkin, WhiteBIT TR's Board Chairman, highlighted that Misyon Bank, listed on the Capital Markets Board's Crypto Asset Service Providers List, is the first entity in Turkey authorized to provide both custody and platform services in the crypto sector. Yetişkin remarked,

 “Turkey leads in the regional crypto asset sector and is also at the forefront of stable cryptocurrency trading volumes in the area. We appreciate Misyon Bank's achievements as a trailblazer in Turkey's digital asset landscape, aligning with global movements while maintaining a progressive regional outlook. We are honored to support Misyon Bank as it pursues its ambitious objectives.”

"We've Surpassed 100,000 Users Quickly"

Reflecting on WhiteBIT Group's role in the global and Turkish arenas, Yetişkin commented,

"Our success is driven by being one of the most secure exchanges worldwide, combined with our diverse asset offerings. We provide our users with access to over 330 digital assets and 440 trading pairs. Since beginning operations in Turkey in 2022 with full compliance, we've rapidly garnered over 100,000 users within six months."

"Enhanced Regulations Bolster Turkey's Status as a Regional Investment Hub"

Muhammet Cerit, CEO of MisyonTech, explained,

"Turkey is a leader in Europe, second in MENA, and third globally regarding crypto asset ownership. This year, we've made significant strides in regional expansion with global partnerships spanning 25 countries across Africa and the Middle East. Today's agreement with WhiteBIT TR is the initial step toward our aim of reaching individual investors in Europe. WhiteBIT TR, serving Turkish users since 2022, stands out in Turkey with its speed and security, knowing our market well. We are thrilled to join forces with a strong partner that will aid us in expanding our investor base both in Turkey and globally, and in offering Turkish assets to foreign investors."

At the signing ceremony, Cerit also addressed inquiries about digital asset regulations in Turkey, noting,

"The initial regulations on digital assets in our country have solidified Turkey’s position as a regional investment hub. We anticipate the introduction of secondary regulations in early 2025, which will further boost crypto investors' trust in the market. Our platform is prepared to accommodate the increasing supply of crypto assets for both custody and trading activities."

WhiteBIT Group is actively progressing in the crypto-as-a-service domain for the B2B sector. It currently supports over 1,300 institutional clients and is seeking collaborations with banks, digital payment providers, and other financial entities. Recently, WhiteBIT and Visa launched the first debit card for crypto transactions. By integrating crypto solutions, financial institutions can enhance their offerings and create new revenue streams, providing clients with the ability to purchase crypto with fiat, store digital assets, establish crypto wallets, and more. WhiteBIT Group is eager to explore new partnerships and extend its reach in international markets.

About WhiteBIT TR

WhiteBIT, the largest cryptocurrency exchange in Europe, launched WhiteBIT TR in April 2024 with a local team in Turkey. Within just six months, the exchange exceeded hundreds of thousands of active users, fully complying with Turkish regulations. WhiteBIT TR leverages the technology and security protocols of a global platform, becoming the first exchange to attain the highest cryptocurrency security standard. The company has successfully achieved the CryptoCurrency Security Standard (CCSS) certification, securing the top spot in the CER.live cryptocurrency exchange security ranking, with a perfect score of 100 out of 100.

WhiteBIT, a sponsor of FC Barcelona and FC Trabzonspor, has experienced substantial growth through WhiteBIT TR, surpassing 100 corporate clients and ranking among the top 10 cryptocurrency applications. With a portfolio that includes over 330 digital assets and 440 trading pairs, WhiteBIT TR offers a variety of B2B and VIP services, including crypto-as-a-service. WhiteBIT TR continues to expand the WhiteBIT Group’s product ecosystem, which includes WhiteBIT Coin (WBT) on its proprietary blockchain, Whitechain, providing optimal conditions for all its clients.

About Misyon Bank

Misyon Bank, Turkey's first neobank, is advancing with the aim of becoming the leading investment bank in the region, focusing on custody, platform, service banking, and digital asset services to address the requirements of the new economy.

Possessing the largest custody ecosystem in Turkey, Misyon Bank has localized and enhanced Swiss custody technology in partnership with ITU Teknopark. It offers securities custody services under the "anakasa" brand to the capital markets and has finalized its preparations in the digital asset custody sector. Alongside its subsidiary MisyonTech, Misyon Bank is listed on the Capital Markets Board's Crypto Asset Service Providers List and remains the sole institution in Turkey authorized to offer both custody and platform services in the cryptocurrency domain.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.