These figures embody all change markets (spot and futures), showcasing the corporate’s fast progress and the rising belief of its customers.
Vilnius, Lithuania, December 20th, 2024, Chainwire
Europe’s main cryptocurrency change, WhiteBIT, concludes the yr with notable achievements. The most recent 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.
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 $three trillion.
Based on WhiteBIT Founder and CEO Volodymyr Nosov, this milestone displays the change’s progressive 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.”
Prime 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 companies.
Key Drivers of Development
One of many main contributors to WhiteBIT’s report buying and selling quantity has been the onboarding of institutional clients. 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 turned a cornerstone for constructing belief inside the skilled neighborhood, enabling large-scale transactions.
The platform’s technical infrastructure additionally contributed, with options similar to colocation to cut back latency, sub-accounts for technique diversification, and a sturdy API supporting its companies for institutional purchasers.
The introduction of a brand new affiliate program contributed by partaking communities of retail merchants, supporting consumer acquisition, and enhancing buying and selling exercise, which performed a job 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 companies and merchandise from the WhiteBIT Group holding. These embody the centralized change WhiteBIT, the crypto fee 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 experienced 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 world market.
In a current interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.
Dedication to Safety
WhiteBIT stands out as one of the crucial safe cryptocurrency exchanges globally. Ranked amongst high 5 in safety by CER.reside, it’s the first crypto change to achieve the highest-level Cryptocurrency Safety Commonplace (CCSS) certification.
The platform additionally holds a Fee Card Trade Information 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 impression on the worldwide crypto ecosystem.
About WhiteBIT
WhiteBIT is the biggest European centralized cryptocurrency change based in Ukraine in 2018, provides 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, 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.
Contact
WhiteBIT PR Service
pr@whitebit.com
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