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

Vilnius, Lithuania, December twentieth, 2024, Chainwire

Europe’s main cryptocurrency trade, 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 trade markets (spot and futures), showcasing the corporate’s fast progress and the rising 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 accordance with WhiteBIT Founder and CEO Volodymyr Nosov, this milestone displays the trade’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 Site visitors

Within the fall of 2024, WhiteBIT secured its place because the second-most visited crypto trade, 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 document buying and selling quantity has been the onboarding of institutional shoppers. The trade 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 situations for high-frequency buying and selling, drawing skilled merchants to the platform. Institutional loans additionally turned a cornerstone for constructing belief throughout the skilled group, enabling large-scale transactions.

The platform’s technical infrastructure additionally contributed, with options comparable 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 associates program contributed by partaking communities of retail merchants, supporting person acquisition, and enhancing buying and selling exercise, which performed a job in WhiteBIT’s robust efficiency.

Presently, the trade serves over 1,300 institutional shoppers.

Increasing World Attain

At present, over 30 million individuals worldwide use providers and merchandise from the WhiteBIT Group holding. These embody the centralized trade WhiteBIT, the crypto fee answer Whitepay, the decentralized trade 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 property, WhiteBIT continues to strengthen its aggressive edge within the world market.

In a latest 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 prime 5 in safety by CER.dwell, it’s the first crypto trade to realize the highest-level Cryptocurrency Safety Commonplace (CCSS) certification.

The platform additionally holds a Fee Card Business Knowledge Safety Commonplace (PCI DSS) certification, safeguarding buyer fee 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 affect on the worldwide crypto ecosystem.

About WhiteBIT

WhiteBIT is the most important European centralized cryptocurrency trade based in Ukraine in 2018, provides 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 prospects globally. WhiteBIT collaborates with Visa (NYSE:), FACEIT, FC Barcelona, Trabzonspor, the Ukrainian nationwide soccer crew, 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