Vilnius, Lithuania, December 20th, 2024,
Chainwire
Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable
achievements. The latest estimates reveal the company’s
capitalization has reached $38.9 billion,
while the annual trading volume surged to $2.7 trillion — a
200% increase compared to the previous year. These figures
encompass all exchange markets (spot and futures), showcasing the
company’s rapid growth and the increasing trust of its users.
For context, WhiteBIT’s trading volume surpassed major players
like Kraken, whose annual trading volume stood at $628 billion.
WhiteBIT’s trading volume exceeds the GDP of
countries like Italy or Canada and approaches the GDP of France,
valued at $3 trillion.
According to WhiteBIT Founder and CEO Volodymyr Nosov,
this milestone reflects the exchange’s innovative strategies and
strategic focus: “Reaching $2.7 trillion is the result of our
dedicated teamwork and the trust of our clients. We remain
committed to developing cutting-edge technologies tailored to the
needs of both retail and institutional traders.”
Top 2 in Traffic
In the fall of 2024, WhiteBIT secured its position as
the second-most visited crypto exchange, with 33 million visits to
the platform. This achievement positions it just behind Binance,
reflecting the steady interest in WhiteBIT’s services.
Key Drivers of Growth
One of the primary contributors to WhiteBIT’s record trading
volume has been the onboarding of institutional clients.
The exchange introduced a market maker program tailored to the
requirements of large-scale traders. With low fees and rebates as
high as -0.01%, the program provided conditions for high-frequency
trading, drawing professional traders to the platform.
Institutional loans also became a cornerstone for building trust
within the professional community, enabling large-scale
transactions.
The platform’s technical infrastructure also contributed, with
features such as colocation to reduce latency, sub-accounts for
strategy diversification, and a robust API supporting its services
for institutional clients.
The introduction of a new affiliate program
contributed by engaging communities of retail traders, supporting
user acquisition, and enhancing trading activity, which played a
role in WhiteBIT’s strong performance.
Currently, the exchange serves over 1,300 institutional
clients.
Expanding Global Reach
Today, over 30 million people worldwide use services and
products from the WhiteBIT Group holding. These include the
centralized exchange WhiteBIT, the crypto payment solution
Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace
white.market, and the gaming platform Pocket Rocket. Additionally,
WhiteBIT Group encompasses Whitechain, its proprietary blockchain,
and WhiteBIT Coin (WBT), which has experienced 349.39% growth
over the year.
With 600+ trading pairs and more than 300 digital assets,
WhiteBIT continues to strengthen its competitive edge in the global
market.
In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s
plans to enter the US market.
Commitment to Security
WhiteBIT stands out as one of the most secure cryptocurrency
exchanges globally. Ranked among top 5 in
security by CER.live, it is the first crypto exchange to achieve the highest-level
Cryptocurrency Security Standard (CCSS) certification.
The platform also holds a Payment Card Industry Data Security
Standard (PCI DSS) certification, safeguarding customer payment
information, and has been recognized by Hacken for excellence in
cybersecurity.
WhiteBIT remains committed to continuous growth, solidifying its
position in the international market, and expanding its impact on
the global crypto ecosystem.
About WhiteBIT
WhiteBIT is the largest European centralized
cryptocurrency exchange founded in Ukraine in 2018, offers over 600
trading pairs, 300 assets, and supports 9 fiat currencies. As part
of the WhiteBIT Group holding, the platform serves more than 30
million customers globally. WhiteBIT collaborates with Visa,
FACEIT, FC Barcelona, Trabzonspor, the Ukrainian national football
team, and lifecell. The company is dedicated to driving the
widespread adoption of blockchain technology in Ukraine and
worldwide.
Contact
WhiteBIT PR
Service
pr@whitebit.com