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WhiteBIT and Saudi Arabia: Pioneering Blockchain Transformation

In an exciting development for the cryptocurrency sector, WhiteBIT, recognized as the largest European cryptocurrency exchange by traffic, has entered a significant partnership with Durrah AlFodah Holding. This collaboration aims to bolster the Kingdom of Saudi Arabia's agenda in blockchain technology, digital finance, and data infrastructure. The agreement was solidified on November 19, 2025, marking a pivotal moment for both parties involved and setting the stage for transformative projects in the region.

The Highlights of the Strategic Cooperation

This alliance is more than just a business endeavor; it embodies the aspirations of Saudi Arabia's Vision 2030, which emphasizes economic diversification and technological advancement. Here's what the partnership entails:

1. Stock Market Tokenization: Aiming to revolutionize the Saudi financial market, the introduction of blockchain-based digital securities is expected to enhance transparency, accessibility, and liquidity.
2. Central Bank Digital Currency (CBDC) Framework: This initiative focuses on the research and development necessary to create a sovereign digital currency ecosystem, positioning Saudi Arabia as a leader in digital finance.
3. National Data Computing and Mining Centers: Building large-scale facilities for data processing and blockchain computation aims to reinforce the Kingdom's position in global digital economies.

Collaborative Efforts and Future Outlook

The Durrah AlFodah entity will play a crucial role in facilitating WhiteBIT's entry into the Saudi market, ensuring compliance with local regulations and aiding in partnership formations. Meanwhile, WhiteBIT will contribute its wealth of technological expertise to the initiative.

The collaborative efforts also envision the establishment of a joint venture to effectively manage the development and implementation of these futuristic projects. Volodymyr Nosov, the Founder and President of W Group, of which WhiteBIT is a part, expressed profound respect for working with His Royal Highness Prince Naif Bin Abdullah Bin Saud. He emphasized the shared goal of building secure and sovereign blockchain systems that can shape the future of Saudi Arabia's technological landscape.

Seeking Regional Leadership in Blockchain Innovation

Both WhiteBIT and Durrah AlFodah share a unified vision of making Saudi Arabia a regional hub for blockchain innovation, digital finance, and data sovereignty. This partnership not only aligns with ongoing global trends towards digital transformation but also sets the groundwork for the future economic fabric of Saudi Arabia.

About WhiteBIT

Founded in 2018, WhiteBIT serves a growing customer base of over 35 million globally. The platform boasts more than 900 trading pairs, 340+ assets, and supports eight different fiat currencies. WhiteBIT continues to pioneer in the blockchain space, collaborating with notable entities such as Visa, FACEIT, FC Juventus, and the Ukrainian national football team to enhance the adoption of blockchain technology worldwide.

Through this partnership with Saudi Arabia, WhiteBIT aims not only to bolster its market presence but also to play a significant role in the Kingdom's economic diversification and technological progression. The collaboration is anticipated to foster a vibrant digital economy where innovation can thrive and be accessible to all.

Conclusion

The strategic alliance between WhiteBIT and Saudi Arabia positions both as leaders in the evolving landscape of blockchain and digital financial solutions. As they embark on this transformative journey, the excitement around their upcoming projects indicates a promising future for various stakeholders in the region and beyond.