WhiteBIT, Europe’s premier cryptocurrency exchange, wraps the year with impressive milestones. The most recent figures indicate that the company’s market cap has skyrocketed to $38.9 billion, with annual trading volume hitting an impressive $2.7 trillion — marking a staggering 200% growth from the prior year. The data reflects the entire spectrum of exchange markets, both spot and futures, highlighting the company’s swift expansion and the growing confidence of its user base.
To provide some context, WhiteBIT’s trading volume has outpaced significant competitors such as Kraken, which reported an annual trading volume of $628 billion. WhiteBIT’s trading volume has surpassed the GDP of nations such as Italy and Canada, now nearing France’s GDP, which stands at an impressive $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.”
Leading the Charge in Traffic
In the autumn of 2024, WhiteBIT established itself as the second-most frequented crypto exchange, attracting a remarkable 33 million visits to its platform. This milestone places it right behind Binance, showcasing the consistent demand for WhiteBIT’s offerings.
Fundamental Catalysts for Expansion
The surge in WhiteBIT’s trading volume can largely be attributed to the influx of institutional clients joining the platform. The exchange has rolled out a market maker program specifically designed to meet the needs of high-volume traders. The program’s low fees and enticing rebates reaching -0.01% create an ideal environment for high-frequency trading, attracting professional traders to the platform. Institutional loans emerged as a fundamental pillar for fostering trust within the professional ecosystem, facilitating substantial transactions.
The platform’s technical backbone plays a crucial role, boasting features like colocation to minimize latency, sub-accounts for enhanced strategy diversification, and a powerful API that underpins its offerings for institutional clients.
The launch of a fresh affiliate program has energized retail trading communities, bolstered user acquisition, and amplified trading activity, all of which have significantly contributed to WhiteBIT’s impressive performance.
The exchange is currently catering to more than 1,300 institutional clients.
Broadening International Presence
Currently, more than 30 million users globally engage with the offerings from the WhiteBIT Group holding. Among these platforms are the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket. Moreover, the WhiteBIT Group includes Whitechain, its own blockchain solution, alongside WhiteBIT Coin (WBT), which has seen an impressive growth of 349.39% over the past year.
Boasting over 600 trading pairs and a diverse selection of more than 300 digital assets, WhiteBIT is solidifying its position in the competitive landscape of the global market.
In a recent interview, CEO Volodymyr Nosov revealed that WhiteBIT is gearing up to enter the US market.
Dedication to Safeguarding
WhiteBIT emerges as a leading player in the realm of cryptocurrency exchanges, renowned for its robust security measures. Securing a spot in the top 5 for security according to CER.live, this exchange stands out as the pioneer in obtaining the highest-level Cryptocurrency Security Standard (CCSS) certification.
The platform boasts a Payment Card Industry Data Security Standard (PCI DSS) certification, ensuring robust protection for customer payment information. It has received accolades from Hacken for its outstanding cybersecurity measures.
WhiteBIT is dedicated to relentless expansion, reinforcing its standing in the global arena, and amplifying its influence within the worldwide crypto landscape.
