WhiteBIT, a global cryptocurrency exchange, has introduced USD deposits and withdrawals via the SWIFT network for its KYB-verified corporate clients. This new feature, launched in partnership with BCB Group, provides businesses with a two-way institutional USD on/off-ramp, allowing seamless movement of capital between crypto and fiat. The solution supports institutional-grade treasury operations and global liquidity management, addressing the critical need for reliable USD liquidity in the crypto space.
The USD SWIFT rail is designed to facilitate cross-border settlements, treasury management, and integration of crypto into traditional financial operations. It offers transparent pricing with a flat fee of 54 USD per transaction and no preset transfer limits. The transfer capacity is determined individually through Source of Funds verification, ensuring scalability for clients.
Volodymyr Nosov, Founder and President of W Group, emphasized the importance of USD liquidity for institutional crypto adoption. The partnership with BCB Group ensures secure and compliant USD settlement, leveraging BCB's regulated banking infrastructure. This expansion enhances WhiteBIT's offerings, which already include over 1020 trading pairs and support for 8 fiat currencies.
WhiteBIT, founded in 2018, serves 10 million users across six continents and collaborates with major entities like Visa and FC Barcelona. BCB Group, a leading provider of crypto-native banking infrastructure, supports over 40 fiat and cryptocurrencies with 24/7 instant settlement through BLINC.