Vilnius, Lithuania, December twentieth, 2024, Chainwire
Europe’s main cryptocurrency trade, WhiteBIT, concludes the yr with notable achievements. The most recent estimates reveal the corporate’s capitalization has reached $38.9 billion, whereas the annual buying and selling quantity surged to $2.7 trillion — a 200% enhance in comparison with the earlier yr. These figures embody all trade markets (spot and futures), showcasing the corporate’s speedy progress and the rising belief of its customers.
For context, WhiteBIT’s buying and selling quantity surpassed main gamers like Kraken, whose annual buying and selling quantity stood at $628 billion. WhiteBIT’s buying and selling quantity exceeds the GDP of nations like Italy or Canada and approaches the GDP of France, valued at $3 trillion.
In accordance with WhiteBIT Founder and CEO Volodymyr Nosov, this milestone displays the trade’s progressive methods and strategic focus: “Reaching $2.7 trillion is the results of our devoted teamwork and the belief of our shoppers. We stay dedicated to growing cutting-edge applied sciences tailor-made to the wants of each retail and institutional merchants.”
Prime 2 in Visitors
Within the fall of 2024, WhiteBIT secured its place because the second-most visited crypto trade, with 33 million visits to the platform. This achievement positions it simply behind Binance, reflecting the regular curiosity in WhiteBIT’s providers.
Key Drivers of Progress
One of many main contributors to WhiteBIT’s report buying and selling quantity has been the onboarding of institutional clients. The trade launched a market maker program tailor-made to the necessities of large-scale merchants. With low charges and rebates as excessive as -0.01%, this system supplied circumstances for high-frequency buying and selling, drawing skilled merchants to the platform. Institutional loans additionally grew to become a cornerstone for constructing belief inside the skilled group, enabling large-scale transactions.
The platform’s technical infrastructure additionally contributed, with options comparable to colocation to scale back latency, sub-accounts for technique diversification, and a strong API supporting its providers for institutional shoppers.
The introduction of a brand new affiliate program contributed by partaking communities of retail merchants, supporting person acquisition, and enhancing buying and selling exercise, which performed a job in WhiteBIT’s sturdy efficiency.
At the moment, the trade serves over 1,300 institutional shoppers.
Increasing World Attain
At present, over 30 million folks worldwide use providers and merchandise from the WhiteBIT Group holding. These embrace the centralized trade WhiteBIT, the crypto cost resolution Whitepay, the decentralized trade WhiteSwap, the NFT market white.market, and the gaming platform Pocket Rocket. Moreover, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has experienced 349.39% progress over the yr.
With 600+ buying and selling pairs and greater than 300 digital property, WhiteBIT continues to strengthen its aggressive edge within the international market.
In a current interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.
Dedication to Safety
WhiteBIT stands out as some of the safe cryptocurrency exchanges globally. Ranked amongst high 5 in safety by CER.reside, it’s the first crypto trade to achieve the highest-level Cryptocurrency Safety Normal (CCSS) certification.
The platform additionally holds a Fee Card Trade Knowledge Safety Normal (PCI DSS) certification, safeguarding buyer cost info, and has been acknowledged by Hacken for excellence in cybersecurity.
WhiteBIT stays dedicated to steady progress, solidifying its place within the worldwide market, and increasing its influence on the worldwide crypto ecosystem.
About WhiteBIT
WhiteBIT is the most important European centralized cryptocurrency trade based in Ukraine in 2018, affords over 600 buying and selling pairs, 300 property, and helps 9 fiat currencies. As a part of the WhiteBIT Group holding, the platform serves greater than 30 million clients globally. WhiteBIT collaborates with Visa, FACEIT, FC Barcelona, Trabzonspor, the Ukrainian nationwide soccer group, and lifecell. The corporate is devoted to driving the widespread adoption of blockchain know-how in Ukraine and worldwide.
Contact
WhiteBIT PR Service
pr@whitebit.com
WhiteBIT’s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024
