WhiteBIT, a global cryptocurrency exchange, has integrated with BCB Group to provide its corporate clients with direct access to US dollar transfers via the SWIFT network. The new payment rail allows KYB-verified businesses to deposit and withdraw USD seamlessly, linking their bank accounts directly to their exchange activity.
Streamlined USD Settlement for Corporate Clients
The integration eliminates the need for intermediaries or currency conversions, enabling treasury teams to move funds between their bank and the exchange efficiently. Given that the US dollar accounts for roughly half of all SWIFT payments by value, and around three-quarters of international payments excluding intra-Eurozone transfers, this development addresses a critical need for crypto businesses operating in global markets.
Volodymyr Nosov, Founder and President of W Group, the parent entity of WhiteBIT, emphasized the importance of reliable USD liquidity for institutional adoption. "Reliable access to USD liquidity is a cornerstone of institutional crypto adoption," he said, adding that the SWIFT-based transfers provide a globally recognized settlement rail for managing liquidity and scaling across markets.
Fee Structure and Transfer Flexibility
Each USD deposit or withdrawal via SWIFT carries a flat fee of $54 per transaction. Fiat-to-crypto and crypto-to-fiat conversions are charged at a base rate of 0.1%, with custom pricing available for high-volume corporate clients. WhiteBIT does not impose preset transfer limits; instead, capacity is assessed individually through Source of Funds verification, allowing transaction amounts to align with each client's approved profile.
BCB Group's Regulated Infrastructure
BCB Group provides regulated payment, wallet, and trading services for businesses operating with fiat and digital assets. Its clientele includes cryptocurrency exchanges, liquidity providers, market makers, and payment processors. BCB supports over 40 fiat and cryptocurrencies and offers 24/7 instant settlement through its BLINC network. The group is authorized in the UK, France, and Switzerland, ensuring compliance and reliability.
Implications for Institutional Treasury Operations
This move is particularly relevant for businesses that manage crypto revenue, hold corporate treasury balances, or settle international payments. The ability to convert crypto holdings and send USD directly back into the banking system simplifies cross-border transactions, which are predominantly settled in dollars. By offering a direct SWIFT rail, WhiteBIT reduces operational friction and enhances liquidity management for its institutional clients.
WhiteBIT, founded in 2018, serves over 10 million users across more than 150 countries, offering over 1,020 trading pairs and support for eight fiat currencies. The exchange is part of W Group, an international ecosystem with over 40 million customers globally. This partnership with BCB Group marks a significant step in bridging traditional finance and the crypto economy.
This article is for informational purposes only and does not constitute financial advice.
