VASPCheck

VASP Compliance Summary — WhiteBIT

WBIT UAB · Exchange · Lithuania

Exported 2026-08-25

Data reviewed 2026-08-08

Overview

Compliance snapshot

Overall regulatory statusRegistered

EU MiCA statusMiCA application pending

Lithuanian VASP registration; MiCA CASP application under assessment
Large share of activity from Ukrainian and central-European users
Trustpilot 4.0/5 · 3,050 reviews
Independent reserve attestations published quarterly

Medium concern

EU-domiciled operator with a Lithuanian VASP registration and a MiCA application in progress, but material exposure to a single regional customer base.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
Lithuania	Bank of Lithuania LB · https://www.lb.lt/en/sfi-financial-market-participants	VASP registration (exchange and custodial wallet)	Registered	LT-VASP-2021-0448	2021-06-30
Lithuania	Bank of Lithuania LB · https://www.lb.lt/en/sfi-financial-market-participants	MiCA CASP application	Pending	LT-CASP-APP-2025-0093	2025-03-11
United States	Financial Crimes Enforcement Network FinCEN · https://www.fincen.gov/msb-registrant-search	MSB registration	Registered	31000-2302-8811	2023-02-21

Reputation

Reputation scores

Trustpilot-style score4.0 / 5

Reviews3,050

App Store4.5

Google Play4.2

12-month trendup

Press sentiment (12m)+5 / ~3 / −2

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-07-11	Reuters	WhiteBIT advances EU authorization work The operator said MiCA readiness reviews were complete.	Positive
2026-04-23	Bloomberg	Regional exchange expands euro rails SEPA processing was extended to additional partner banks.	Positive
2026-01-30	CoinDesk	Sponsorship spending draws attention Marketing outlay was questioned relative to disclosed revenue.	Neutral
2025-10-15	Financial Times	Concentration risk at regional venues Analysts flagged single-market dependency across eastern European operators.	Negative
2025-06-26	Reuters	Quarterly reserve attestation published An external firm attested to principal asset balances.	Positive

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2025-02-14	Outage	—	Deposit processing delayed for around five hours during a banking-partner migration.

Profile

Key facts

Founded2018

Websitewhitebit.com

Fiat currenciesEUR, UAH, USD

Proof of reservesYes

Custody modelSegregated cold storage with quarterly external attestation

Legal entitiesWBIT UAB (LT) · WhiteBIT Tech LLC (UA)

WhiteBIT

RegisteredMiCA application pendingESMA register

WBIT UAB

Exchange🇱🇹 Lithuania Founded 2018whitebit.com

Visit website

Last reviewed

2026-08-08

Compliance snapshot

Lithuanian VASP registration; MiCA CASP application under assessment
Large share of activity from Ukrainian and central-European users
Trustpilot 4.0/5 · 3,050 reviews
Independent reserve attestations published quarterly

Overall concern

Medium concern

EU-domiciled operator with a Lithuanian VASP registration and a MiCA application in progress, but material exposure to a single regional customer base.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇱🇹 Lithuania	Bank of LithuaniaLB	VASP registration (exchange and custodial wallet)	Registered	LT-VASP-2021-0448	2021-06-30
🇱🇹 Lithuania	Bank of LithuaniaLB	MiCA CASP application	Pending	LT-CASP-APP-2025-0093	2025-03-11
🇺🇸 United States	Financial Crimes Enforcement NetworkFinCEN	MSB registration	Registered	31000-2302-8811	2023-02-21

🇱🇹 Lithuania
Registered
VASP registration (exchange and custodial wallet)
Bank of LithuaniaLB
LT-VASP-2021-04482021-06-30
Verify at source
🇱🇹 Lithuania
Pending
MiCA CASP application
Bank of LithuaniaLB
LT-CASP-APP-2025-00932025-03-11
Verify at source
🇺🇸 United States
Registered
MSB registration
Financial Crimes Enforcement NetworkFinCEN
31000-2302-88112023-02-21
Verify at source

User signals

Reputation

Trustpilot-style score

4.0/ 5

4.0

3,050 reviews

Improving (12m)

App ratings

App Store: 4.5
Google Play: 4.2

Press sentiment (12m)

Positive5

Neutral3

Negative2

Media

Recent press

2026-07-11
WhiteBIT advances EU authorization workPositive
Reuters — The operator said MiCA readiness reviews were complete.
2026-04-23
Regional exchange expands euro railsPositive
Bloomberg — SEPA processing was extended to additional partner banks.
2026-01-30
Sponsorship spending draws attentionNeutral
CoinDesk — Marketing outlay was questioned relative to disclosed revenue.
2025-10-15
Concentration risk at regional venuesNegative
Financial Times — Analysts flagged single-market dependency across eastern European operators.
2025-06-26
Quarterly reserve attestation publishedPositive
Reuters — An external firm attested to principal asset balances.

History

Incidents & enforcement

2025-02-14Outage
Deposit processing delayed for around five hours during a banking-partner migration.