WhiteBIT, one of the leading European cryptocurrency exchanges, has launched its operations in Nigeria.

The firm, in a statement, claimed its decision to open a representative office in Nigeria supported its goal of making blockchain technology widely used and encouraging growth in the global cryptocurrency community.

According to WhiteBIT, it aims to leverage the country’s robust demand for blockchain technology to foster its position as a thriving hub for finance and blockchain advancements.

The CEO of WhiteBIT, Volodymyr Nosov, emphasised the strategic importance of the Nigerian market, stating, “Our company’s global goal and mission is to achieve mass adoption of blockchain technology and increase the cryptocurrency community in the world. The future of humanity is digital technology, including blockchain. This is what we believe in and adhere to.

“Opening a representative office in Nigeria is a logical step in the development of not only WhiteBIT, but the cryptocurrency community as a whole. Nigeria is a country that understands the prospects that cryptocurrency holds. There is a big public demand for blockchain technology. Nigeria today has all the chances to become the centre of finance and blockchain technology. That is why it is quite logical that WhiteBIT is launching in Nigeria.”

WhiteBIT’s entry into Nigeria arrives when cryptocurrencies are experiencing a surge in popularity within the country.

“This move will enable both novice and experienced traders to engage in seamless and secure crypto transactions, ensuring easy access to a wide range of digital assets.

“As one of Europe’s largest cryptocurrency exchanges, WhiteBIT boasts a user base of over 4+ million individuals worldwide. With more than 350 trading pairs and a maximum daily trading volume of $2.5 billion, the platform facilitates spot, margin, and futures trading with adjustable leverage of up to 20x,” it declared.

It stated that its dedication to security was widely recognised, as it ranks among the top three most secure crypto exchanges, according to CER.live.

The firm asserted, “Additionally, an independent audit conducted by Hacken has awarded WhiteBIT with the prestigious AAA rating, making it the second most secure exchange globally. The platform implements robust security measures such as identity verification, two-factor authentication (2FA), and an Anti-Phishing code to ensure transparency and safeguard user accounts.”

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