WhiteBIT’s Institutional Focus Drives Buying and selling Quantity to File $2.7 Trillion in 2024

Vilnius, Lithuania, December twentieth, 2024, Chainwire

Europe’s main cryptocurrency change, WhiteBIT, concludes the yr with notable achievements. The newest 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 change markets (spot and futures), showcasing the corporate’s fast progress 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 keeping with WhiteBIT Founder and CEO Volodymyr Nosov, this milestone displays the change’s modern methods and strategic focus: “Reaching $2.7 trillion is the results of our devoted teamwork and the belief of our purchasers. We stay dedicated to growing cutting-edge applied sciences tailor-made to the wants of each retail and institutional merchants.”

High 2 in Site visitors

Within the fall of 2024, WhiteBIT secured its place because the second-most visited crypto change, 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 document buying and selling quantity has been the onboarding of institutional purchasers. The change 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 offered situations 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 corresponding to colocation to cut back latency, sub-accounts for technique diversification, and a sturdy API supporting its providers for institutional purchasers.

The introduction of a brand new associates program contributed by partaking communities of retail merchants, supporting consumer acquisition, and enhancing buying and selling exercise, which performed a task in WhiteBIT’s robust efficiency.

At the moment, the change serves over 1,300 institutional purchasers.

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 change WhiteBIT, the crypto cost resolution Whitepay, the decentralized change 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 skilled 349.39% progress over the yr.

With 600+ buying and selling pairs and greater than 300 digital belongings, 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 change to attain 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 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 impression on the worldwide crypto ecosystem.

About WhiteBIT

WhiteBIT is the most important European centralized cryptocurrency change based in Ukraine in 2018, presents over 600 buying and selling pairs, 300 belongings, and helps 9 fiat currencies. As a part of the WhiteBIT Group holding, the platform serves greater than 30 million prospects globally. WhiteBIT collaborates with Visa (NYSE:), 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.

ContactWhiteBIT PR Servicepr@whitebit.com

This text was initially revealed on Chainwire