Businesses Get Easy Crypto Integration with WhiteBIT's New Service Model

WhiteBIT's Crypto-as-a-Service model is changing the way businesses integrate cryptocurrency functionality into their products. This approach allows companies to add digital asset operations without creating a crypto infrastructure from scratch, instead using an external platform.

The process involves connecting to WhiteBIT's platform via API and can be completed in four steps: business case approval, onboarding, integration, and launch of the new offering for clients. This model is primarily targeted at the B2B segment, with fintech companies, neobanks, Core Banking and BaaS providers, and telecom operators as potential users.

The key feature of this model is its white-label nature, allowing companies to integrate crypto services under their own brand without requiring users to switch to a separate third-party product. WhiteBIT supports this format by providing an infrastructure model where the business retains its own interface and customer relationship while the technical layer for working with digital assets is connected through a specialized platform.

WhiteBIT's Crypto-as-a-Service offers support for wallet creation for over 340 cryptocurrencies across more than 80 networks, allowing users to provide asset storage, send and receive cryptocurrency, and perform crypto-to-fiat transactions. The company notes that 96% of digital assets are stored in cold wallets.