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WhiteBIT Brings GBP Trading to UK Users With Dedicated Exchange

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bitcoin.com
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3 hours ago
AI summarizes in 5 seconds.

  • Key Takeaways:

    • WhiteBIT launched whitebit.uk on May 20, 2026, bringing GBP trading and FPS funding to U.K. users.
    • The FCA reports 91% crypto awareness among U.K. adults, with 73% of holders using centralized exchanges like WhiteBIT.
    • WhiteBIT, part of W Group’s 35 million-user network, plans to expand U.K. products as FCA regulation develops.
  • The U.K. exchange went live on May 20, 2026, with a platform built specifically for U.K. retail and institutional users, according to the announcement shared with Bitcoin.com News. The timing follows years of steady growth in British crypto participation and comes as the U.K. continues developing its regulatory framework for digital assets.

    Retail users on whitebit.uk can access spot trading, market analytics, and instant conversion tools. They can fund accounts in British pounds using payment cards and the Faster Payments Service, the real-time bank transfer network used across the U.K.

    Institutional participants get a separate set of tools: liquidity and market-making support, token listing options, Crypto-as-a-Service infrastructure, and API connectivity. Both groups can access crypto lending and auto-invest features, subject to onboarding checks and applicable U.K. regulatory requirements.

    The Financial Conduct Authority (FCA) reported in 2025 that awareness of crypto assets among the U.K. general public stands at 91%, while approximately 8% of adults hold crypto. Of those users, 73% rely on centralized exchanges to access digital asset markets.

    “Entering the U.K. market marks an important milestone in WhiteBIT’s expansion across regulated jurisdictions,” Volodymyr Nosov, Founder and President of W Group, WhiteBIT’s parent company, remarked.

    The WhiteBIT executive added:

    “The U.K. has long been a global financial hub, and we see strong demand for platforms that combine innovation with a high level of trust, transparency, and compliance.”

    WhiteBIT was founded in 2018 and operates as part of W Group, which claims to serve more than 35 million customers worldwide. The exchange ranks among the top three globally for security, according to independent assessments by CER.live.

    According to the team, the exchange holds Level 3 certification under the Cryptocurrency Security Standard developed by the Cryptocurrency Certification Consortium. It was the first exchange to reach that certification level. WhiteBIT applies anti-money laundering (AML) and know-your-customer (KYC) protocols across its operations.

    The U.K. launch is the latest in a pattern of WhiteBIT expanding into regulated jurisdictions. The company has previously established partnerships with Visa, FC Barcelona, Juventus FC, and the Ukrainian national football team.

    GBP on-ramps are central to the U.K. offering. Direct pound funding through bank cards and the Faster Payments Service removes the extra step of converting currency through a third party before reaching a trading account.

    For institutional clients, the API connectivity and Crypto-as-a-Service layer allows firms to build and manage digital asset operations inside the WhiteBIT infrastructure without building proprietary systems from the ground up.

    The FCA’s 2025 consumer research showed that among U.K. adults who hold crypto, centralized exchange ( DEX) platforms remain the primary point of access. To WhiteBIT, this positions whitebit.uk as a direct competitor to established platforms already serving British users.

    WhiteBIT further said it plans to expand its product range and local presence in the U.K. as the regulatory environment develops further. No timeline was given for specific product additions.

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