Overview
- WhiteBIT obtained a brokerage license from the National Bank of Georgia through a new entity called WhiteBIT Broker, enabling regulated derivatives such as perpetual futures.
- WhiteBIT will keep spot trading under WhiteBIT Georgia, a licensed virtual asset service provider, with derivatives moved to the newly licensed broker entity.
- For Georgian users, the new setup creates a locally regulated path to trade perpetual futures, with onboarding and compliance governed by broker rules.
- Georgia is pitching itself as a crypto hub with high grassroots adoption cited by Chainalysis, while some rivals such as Bybit operate on VASP-only licenses that can route derivatives offshore rather than under domestic rules.
- The company worked with consulting firm Clarsen on the license and says it holds CCSS Level 3 certification, an AAA rating from CER.live, and stores about 96% of assets in cold wallets.