Vilnius, Lithuania, December 20, 2024, PakGazette
WhiteBIT, Europe’s leading cryptocurrency exchange, concludes the year with notable achievements. The latest estimates reveal that the company’s capitalization has reached $38.9 billion, while annual trading volume increased to $2.7 trillion, an increase of 200% compared to the previous year. These figures cover all foreign exchange markets (spot and futures), showing the rapid growth of the company and the growing confidence of its users.
For context, WhiteBIT’s trading volume surpassed major players like Kraken, whose annual trading volume amounted to $628 billion. WhiteBIT’s trading volume exceeds the GDP of countries such as Italy or Canada and is close to the GDP of France, valued at 3 trillion dollars.
According to WhiteBIT founder and CEO Volodymyr Nosov, this milestone reflects the exchange’s innovative strategies and strategic approach: “Reaching $2.7 trillion is the result of our dedicated teamwork and the trust of our customers. “We remain committed to developing cutting-edge technologies tailored to the needs of retail and institutional traders.”
Top 2 in traffic
In the fall of 2024, WhiteBIT secured its position as the second most visited crypto exchange, with 33 million platform visits. This achievement positions it just behind Binance, reflecting the continued interest in WhiteBIT’s services.
Key growth drivers
One of the main contributors to WhiteBIT’s record trading volume has been the addition of institutional clients. The exchange introduced a market-making program tailored to the needs of large-scale traders. With low fees and rebates of up to -0.01%, the program provided conditions for high-frequency trading, attracting professional traders to the platform. Institutional lending also became a cornerstone of building trust within the professional community, enabling large-scale transactions.
The platform’s technical infrastructure also contributed, with features such as placement to reduce latency, sub-accounts for strategy diversification, and a robust API supporting its services for institutional clients.
The introduction of a new affiliate program helped engage communities of retail traders, support user acquisition and improve trading activity, contributing to WhiteBIT’s strong performance.
Currently, the exchange serves more than 1,300 institutional clients.
Expanding global reach
Today, more than 30 million people around the world use the services and products of the WhiteBIT Group holding company. These include centralized exchange WhiteBIT, crypto payment solution Whitepay, decentralized exchange WhiteSwap, NFT marketplace white.market, and gaming platform Pocket Rocket. Additionally, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has seen 349.39% growth over the year.
With over 600 trading pairs and over 300 digital assets, WhiteBIT continues to strengthen its competitive advantage in the global market.
In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.
Commitment to safety
WhiteBIT stands out as one of the safest cryptocurrency exchanges in the world. Ranked in the top five for security by CER.live, it is the first crypto exchange to achieve the highest level Cryptocurrency Security Standard (CCSS) certification.
The platform is also Payment Card Industry Data Security Standard (PCI DSS) certified, which protects customer payment information, and has been recognized by Hacken for excellence in cybersecurity.
WhiteBIT remains committed to continued growth, solidifying its position in the international market and expanding its impact on the global crypto ecosystem.
About WhiteBIT
WhiteBIT is the largest European centralized cryptocurrency exchange founded in Ukraine in 2018, offering over 600 trading pairs, 300 assets and supporting 9 fiat currencies. As part of the WhiteBIT Group holding company, the platform serves more than 30 million clients worldwide. WhiteBIT collaborates with Visa (NYSE:), FACEIT, FC Barcelona, Trabzonspor, the Ukrainian national football team and lifecell. The company is dedicated to driving the widespread adoption of blockchain technology in Ukraine and around the world.
ContactWhiteBIT PR Service[email protected]
