Vilnius, Lithuania, December twentieth, 2024, Chainwire
Europe’s main cryptocurrency alternate, 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% improve in comparison with the earlier yr. These figures embody all alternate markets (spot and futures), showcasing the corporate’s speedy development and the growing 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 response to WhiteBIT Founder and CEO Volodymyr Nosov, this milestone displays the alternate’s modern 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 alternate, 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 major contributors to WhiteBIT’s report buying and selling quantity has been the onboarding of institutional clients. The alternate 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 throughout the skilled neighborhood, enabling large-scale transactions.
The platform’s technical infrastructure additionally contributed, with options equivalent to colocation to scale back latency, sub-accounts for technique diversification, and a sturdy API supporting its providers for institutional shoppers.
The introduction of a brand new affiliate program contributed by participating communities of retail merchants, supporting person acquisition, and enhancing buying and selling exercise, which performed a task in WhiteBIT’s robust efficiency.
At the moment, the alternate serves over 1,300 institutional shoppers.
Increasing International Attain
In the present day, over 30 million folks worldwide use providers and merchandise from the WhiteBIT Group holding. These embody the centralized alternate WhiteBIT, the crypto cost resolution Whitepay, the decentralized alternate 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% development 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 latest interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.
Dedication to Safety
WhiteBIT stands out as one of the crucial safe cryptocurrency exchanges globally. Ranked amongst high 5 in safety by CER.stay, it’s the first crypto alternate to achieve the highest-level Cryptocurrency Safety Commonplace (CCSS) certification.
The platform additionally holds a Cost Card Business Knowledge Safety Commonplace (PCI DSS) certification, safeguarding buyer cost data, and has been acknowledged by Hacken for excellence in cybersecurity.
WhiteBIT stays dedicated to steady development, solidifying its place within the worldwide market, and increasing its influence on the worldwide crypto ecosystem.
About WhiteBIT
WhiteBIT is the biggest European centralized cryptocurrency alternate based in Ukraine in 2018, presents 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 workforce, and lifecell. The corporate is devoted to driving the widespread adoption of blockchain expertise in Ukraine and worldwide.
Contact
WhiteBIT PR Service
[email protected]
