Bitnuk, Swiss Crypto Exchange, Steps into Asian and African Markets

Swiss crypto exchange Bitnuk is expanding in the rapidly growing Asian and African markets.

Giant robot walking towards Africa through the Indian Ocean.
Created by Gabor Kovacs from DailyCoin

Bitnuk, one of the Switzerland’s first licensed and regulated cryptocurrency exchange, is expanding and focusing on growing cryptocurrency markets outside Europe. 

Known for its high-standard security measures and intuitive interface, Bitnuk aims to offer its safe and user-friendly crypto trading platform to emerging Asian and African economies.

Regulated Under Swiss Authorities

Based in Zug, Bitnukamong is the first crypto asset service provider licensed under the supervision of ARIF Genf, a self-regulating body. ARIF is approved by the Swiss Financial Market Supervisory Authority (FINMA) and ensures compliance with anti-money laundering (AML) regulations.

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Founded in 2018, Bitnuk has built a reputation as a secure platform for buying, selling, and transferring cryptocurrencies. It serves tens of thousands of global clients and focuses on privacy and ease of use.

“Bitnuk offers a user-friendly, compliant, and secure experience for both novice and experienced crypto investors,” says Vilhelm German, Bitnuk’s Chief Technology Officer (CTO).

He highlights the platform’s use of advanced verification tools like GlobalPass for user authentication and payments, appealing to international customers.

"Our seamless user experience, fast verification process, and over-the-counter (OTC) trading service make Bitnuk particularly attractive to high-volume traders and qualified investors seeking more flexibility and privacy in their transactions."

Africa and Asia Dominate Crypto Adoption 

Today, Bitnuk is expanding its focus beyond Europe, targeting Asia and Africa’s rapidly growing crypto markets by offering a wide selection of cryptocurrencies and convenient payment options.

“We are increasingly focusing on these regions due to their significant growth potential in digital asset adoption,” adds German.

Asia and Africa have become key regions in the crypto industry’s expansion, driven by high adoption rates and untapped market potential.

“These regions represent the future of crypto adoption,” claims Dr. Jonathan Curci, a Swiss entrepreneur and former adjunct professor at Geneva Business School of International Business Law.

Dr. Curci believes that Asia, in particular, is a hub for crypto innovation, with countries like South Korea, Japan, and Singapore advancing blockchain technology and regulatory frameworks. 

โ€œIncreased adoption in these regions fosters global innovation and drives the development of more robust financial infrastructure.โ€

According to Chainalysisโ€™s 2024 Crypto Adoption Index, six of the top ten countries in global adoption are located in Africa and Asia. By 2024, the Asian region remained a major international player, ranking highly in the Global Crypto Adoption Index.

Meanwhile, in Africa, countries like Nigeria and South Africa are leading with practical crypto applications, such as remittance services and stablecoins, addressing financial inclusion and inflation challenges.

With countries like Nigeria ranking high in global adoption, African markets are increasingly seen as ripe for real-world crypto utility.  

On the Flipside

  • Expanding a crypto business into Africa and Asia presents significant opportunities, but both regions face varying regulatory uncertainty.

Why This Matters 

As emerging markets, Asia and Africa present untapped opportunities for crypto businesses. Adoption in these regions increases liquidity and trading volume, leading to more efficient markets and creating a larger, more diverse user base for digital assets.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Stefan Trapp

Stefan Trapp is a cryptocurrency news editor for DailyCoin. He leads a team of reporters covering major developments and market insights in the crypto industry. With a background in copy editing and teaching, Stefan puts great emphasis on creating high-quality articles with digestible breakdowns of complex topics. He values open communication and trustworthiness within his team. Outside of work, Stefan enjoys video games, Esports, and singing karaoke.

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