WhiteBIT TR, the Turkey-based arm of Europe’s largest cryptocurrency exchange, has taken a significant step forward by forming a strategic partnership with Misyon Bank. This collaboration aims to strengthen WhiteBIT’s presence in Europe while expanding Misyon Bank’s influence in the digital asset space.

The partnership between WhiteBIT TR and Misyon Bank marks a new chapter in the cryptocurrency landscape. Misyon Bank, a key player in Turkey’s digital asset sector, has long focused on providing secure transaction solutions in the crypto world. With this collaboration, Misyon Bank will connect with individual investors across Europe through WhiteBIT TR, solidifying its position as a leader in the regional crypto industry.

This deal is part of WhiteBIT TR’s broader vision to increase its footprint in the cryptocurrency market, following two earlier global partnerships. As part of the agreement, Misyon Bank’s digital asset subsidiary, MisyonTech, will leverage WhiteBIT TR’s liquidity to facilitate cryptocurrency transactions. The platform will offer major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDC, USDT, and Avalanche (AVAX), as well as advanced tokenization capabilities.

One of the most notable features of this partnership is Misyon Bank’s standing as the first Turkish institution authorized to offer custody and platform services for digital assets. This distinction, recognized by Turkey’s Capital Markets Board, underscores the bank’s pivotal role in the country’s cryptocurrency sector.

Emre Yetişkin, Chairman of the Board of WhiteBIT TR, emphasized Turkey’s leadership in the crypto asset sector, noting that the country also leads in stablecoin trading volumes within the region. He praised Misyon Bank’s innovative approach and expressed pride in supporting the bank’s ambitious goals.

Supporting Regulatory Confidence in Turkey

During the signing ceremony, Muhammet Cerit, CEO of MisyonTech, highlighted that this partnership is the first step in their plan to reach individual investors across Europe. He also addressed questions about Turkey’s evolving digital asset regulations, noting that the country’s initial regulations have solidified its position as a regional investment hub. Cerit expects that the completion of secondary regulations in early 2025 will further boost investor confidence in the Turkish crypto market.

WhiteBIT TR’s Continued Growth

WhiteBIT TR continues to thrive, offering over 330 digital assets and 440 trading pairs. In just six months, the platform has gained more than 100,000 users in Turkey, maintaining full compliance with local regulations since its launch in 2022.

As part of the WhiteBIT Group, which serves over 1,300 institutional clients globally, WhiteBIT TR is positioning itself as a key player in the business-to-business crypto-as-a-service market. The group is keen to collaborate with financial institutions and digital payment companies to expand its offerings. In fact, WhiteBIT recently partnered with Visa to launch the first debit card for cryptocurrency payments, enabling customers to store digital assets, create wallets, and purchase crypto using fiat currencies.

Looking Ahead

As global crypto adoption accelerates, the WhiteBIT TR and Misyon Bank partnership is a clear indication of the growing integration of cryptocurrency solutions in mainstream financial services. The two companies are poised to continue shaping the future of the digital asset sector, with plans to expand both in Turkey and abroad.