European virtual asset (cryptocurrency) exchange WhiteBIT pursues entry into U.S. market

European virtual asset (cryptocurrency) exchange WhiteBIT(WhiteBIT) is entering the U.S. market. WhiteBIT said it has established an independent legal entity, 'WhiteBIT US(WhiteBIT US)', in line with the U.S. regulatory environment, and has secured initial operating licenses while preparing to launch services across 50 states.

On the 4th (local time), according to crypto asset specialist media CryptoBasic, WhiteBIT US will operate separately from the head office organization and has been carrying out procedures to meet U.S. compliance requirements. WhiteBIT is reportedly undergoing additional approval procedures aimed at nationwide expansion in the U.S.

This move aligns with the trend of global exchanges re-targeting the North American market. In particular, the U.S. is cited as having large differences in exchange licensing requirements and state-level regulations, variables that determine the speed of service expansion. WhiteBIT US's statement that "it has secured the necessary operating permits" and its preparation to provide services in 50 states is interpreted as a strategy to gradually expand its business base within the U.S.

WhiteBIT is said to have positioned regulatory compliance and security infrastructure as core competitive strengths in the course of this U.S. entry. However, specific details such as the launch schedule, supported assets, and fee structure require further disclosure.