WhiteBIT: Europe’s Leading Cryptocurrency Exchange Achieves New Milestones
WhiteBIT’s Remarkable Growth and Success
WhiteBIT, a prominent name in the European cryptocurrency landscape, has concluded the year with outstanding achievements, solidifying its position as a leader in the market. The latest data reveals that the company has reached a capitalization of $38.9 billion, while its annual trading volume skyrocketed to an impressive $2.7 trillion—a remarkable 200% increase compared to the previous year. These figures, encompassing all exchange markets including spot and futures, highlight the rapid expansion of WhiteBIT and the growing trust it has garnered from its users.
Outperforming Major Competitors
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In a testament to its growth, WhiteBIT’s trading volume has surpassed that of major industry players like Kraken, which reported an annual trading volume of $628 billion. Notably, WhiteBIT’s trading volume exceeds the GDP of countries such as Italy or Canada and is approaching the GDP of France, which stands at $3 trillion.
Leadership Insights
Volodymyr Nosov, Founder and CEO of WhiteBIT, reflects on this milestone as a testament to the company’s innovative strategies and strategic focus. He stated, “Achieving $2.7 trillion in trading volume 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, attracting an impressive 33 million visits to its platform. This achievement places it just behind Binance and underscores the increasing demand for WhiteBIT’s services.
Key Drivers of Growth
Several factors have fueled WhiteBIT’s record trading volume. A significant contributor has been the onboarding of institutional clients. The exchange introduced a market maker program specifically designed to meet the requirements of large-scale traders. With competitive fees and rebates reaching as high as -0.01%, the program offered attractive conditions for high-frequency trading, drawing professional traders to the platform. Additionally, institutional loans have played a pivotal role in building trust within the professional community, facilitating large-scale transactions.
Technical Advancements
WhiteBIT’s advanced technical infrastructure has also been instrumental in its success. Features such as colocation to reduce latency, sub-accounts for strategy diversification, and a robust API have established WhiteBIT as a reliable partner for institutional clients.
Innovative Affiliate Programs
The introduction of a new affiliate program significantly contributed to the platform’s growth by engaging large communities of retail traders. This initiative boosted user acquisition and trading activity, ultimately supporting WhiteBIT’s exceptional performance. Currently, the exchange serves over 1,300 institutional clients.
Expanding Global Reach
Today, more than 30 million people worldwide utilize services and products offered by the WhiteBIT Group holding. This includes 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, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has experienced remarkable growth of 349.39% over the past year.
Diverse Offerings
With over 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 intention to enter the US market, further expanding its global footprint.
Commitment to Security
WhiteBIT stands out as one of the most secure cryptocurrency exchanges globally. Ranked among the 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, ensuring the safeguarding of customer payment information. Additionally, WhiteBIT has been recognized by Hacken for its excellence in cybersecurity.
Future Endeavors
WhiteBIT remains committed to continuous growth, solidifying its position in the international market, and expanding its impact on the global crypto ecosystem. The company’s dedication to security, innovation, and customer satisfaction sets the stage for ongoing success and influence in the world of cryptocurrency.
