TL;DR:
- WhiteBIT obtained a broker license from the National Bank of Georgia to offer crypto derivatives, including perpetual futures.
- The authorization was granted to its local entity, WhiteBIT Broker, in collaboration with consulting firm Clarsen, as part of its regional expansion strategy.
- According to Chainalysis’s 2025 Global Crypto Adoption Index, Georgia ranks third worldwide in per capita cryptocurrency adoption.
WhiteBIT obtained a broker license issued by the National Bank of Georgia (NBG) through its local entity, which will allow it to offer digital asset derivatives, including perpetual futures, in the Georgian market. The authorization was processed in collaboration with consulting firm Clarsen as part of the exchange’s expansion strategy into new regulated markets.
The platform was already operating in Georgia through a separate subsidiary dedicated to spot trading. With the new license, the exchange will be able to broaden its offering and provide more complex financial instruments, also accessible through the local domain whitebit.ge. According to the company, the goal is to offer Georgian investors a regulated platform focused on capital protection, transparency and operational reliability.
Georgia Will Be the Springboard for WhiteBIT’s Regional Expansion
Georgia has become one of the most receptive markets in the region for cryptocurrencies. The 2025 Global Crypto Adoption Index compiled by Chainalysis places the country in third place worldwide when the indicator is adjusted for population size, behind Ukraine and Moldova. The country also applies no capital gains tax or personal income tax on trading profits for individuals, as these are considered foreign-source income. Its central bank recently authorized the issuance of stablecoins backed by assets.
The license obtained in Georgia is part of the growth trajectory of the exchange founded in 2018 by Ukrainian entrepreneur Volodymyr Nosov, who also serves as chief executive officer. WhiteBIT is registered in Lithuania under the W group, has more than 35 million users worldwide and operates with more than 340 assets and 900 trading pairs. Approximately 96% of user assets are stored in cold wallets, and the platform maintains CCSS Level 3 certification alongside an AAA security rating granted by CER.live.
In January 2026, Russian authorities declared WhiteBIT’s activities “undesirable” in their territory, although the exchange had already exited that market beforehand. The new license makes clear that this declaration has had no impact on its growth in the region.
