The Turkish Cryptocurrency sector welcomed 2025 with a major development. Europe’s WhiteBit, a leading crypto exchange and Misyon Bank, Turkey’s first neobank have partnered up.
Announced on 8 January 2025, the collaboration positions WhiteBit to provide liquidity for major cryptocurrencies like BTC, ETH, USDC, USDT and AVAX on Misyon Bank’s secure crypto platform.
At the signing ceremony, Muhammet Cerit, CEO of MisyonTech said, “The initial regulations on digital assets in our country have strengthened Turkey’s position as a regional investment hub.”
It also marks WhiteBit’s third major initiative in the digital asset space following two global partnerships.
WhiteBIT TR ile Avrupa Pazarına Adım Atıyoruz
Bankamız dijital varlık alanındaki atılımlarına bir yenisini ekleyerek, Avrupa pazarı için @WhiteBIT_TR ile anlaştı.
Dijital varlıklar alanında bölge pazarında genişlemeye yönelik adımlarımızı iki global iş birliğiyle… pic.twitter.com/F53l5mZ16l
— Misyon Bank (@MisyonBank) January 8, 2025
WhiteBit Ready To Integrate Crypto Solutions Into Financial Services
Turkey, in recent times, has emerged as a regional leader in cryptocurrency ownership. According to a Triple-A survey and local media reports, Turkey ranks first in Europe, second in MENA and third globally.
As a regional leader, Turkey also leads in stablecoin cryptocurrency trading volumes. This comes as an initiative for Misyon Bank’s strategy to further expand into Europe. The goal here is to enhance global access to Turkish assets.
So, what can this partnership mean for the people living in the MENA and European regions? Well, WhiteBit currently serves over 1300 institutional clients.
By integrating crypto solutions into financial services, WhiteBit aims to empower institutions to offer seamless crypto transactions, wallets, and storage, unlocking new revenue streams and market opportunities. Individuals can purchase crypto with fiat, create crypto wallets, store digital assets and more. A lot of these services will be made available to the patrons of the neobank on their secure platform.
“We expect the completion of secondary regulations in the first month of 2025, which will also renew crypto investors’ confidence in the market,” Cerit added.
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Misyon Bank: Only Institution In Turkey Authorized To Offer Both Custody And Platform Services In Crypto Sector
Misyon Bank, Turkey’s first neobank, is focused on custody, platform, service banking and digital assets.
The Bank has enhanced Swiss custody technology through a collaboration with ITU Teknopark. Under the “anakasa” brand, the bank offers securities custody services to the capital markets.
Having completed its preparations in digital asset custody, Misyon Bank, along with its subsidiary MisyonTech, is now included in the Capital Markets Board’s list of Crypto Asset Service Providers. It is the only institution in Turkey authorized to offer both custody and platform services in the cryptocurrency sector.
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Europe’s largest cryptocurrency exchange, WhiteBit established the crypto exchange in 2024 with a Turkish team.
It operates in full compliance with Turkish regulations and has successfully passed the Cryptocurrency Security Standard Certification, securing the top position in the CER.live cryptocurrency exchange ranking, achieving a perfect score of 100/100.
Explore: Turkey To Review Crypto Licensing And Registration Draft Law
The post Turkey’s Crypto Landscape Set To Transform As Europe’s WhiteBit Partners With Misyon Bank appeared first on 99Bitcoins.
