As a seasoned researcher who has closely followed the crypto market’s evolution over the past decade, I can confidently say that WhiteBIT’s achievements in 2024 are nothing short of remarkable. The exchange’s rapid growth and impressive figures place it among the top players in the industry, outpacing even some traditional economic powerhouses.
Vilnius, Lithuania, December 20th, 2024, Chainwire
WhiteBIT, Europe‘s foremost cryptocurrency trading platform, wrapped up the year with significant milestones. Recent projections indicate that the company’s total capitalization now stands at a staggering $38.9 billion. Moreover, the annual trading volume skyrocketed to an impressive $2.7 trillion – a 100% increase compared to the last year. These figures encompass both spot and futures markets, underscoring the company’s remarkable expansion and the growing confidence of its users.
In comparison to well-known platforms such as Kraken, which recorded an annual trading volume of around $628 billion, WhiteBIT’s trading volume significantly outperforms, reaching levels comparable to the GDP of nations like Italy and Canada. The volume even comes close to matching France’s GDP, which is valued at approximately $3 trillion.
WhiteBIT’s Founder and CEO, Volodymyr Nosov, indicates that this achievement, which amounts to $2.7 trillion, is a testament to the exchange’s inventive strategies and strategic emphasis. He explains, “Achieving this milestone is a product of our diligent teamwork and the faith our clients have placed in us. We continue to be dedicated to creating advanced technologies that cater to both individual and institutional traders.
Top 2 in Traffic
As a proud investor in the world of cryptocurrencies, I found myself basking in the success story of WhiteBIT in the autumn of 2024. With an impressive 33 million visits to their platform, WhiteBIT solidified its place as the runner-up among crypto exchanges, standing tall only behind Binance. This remarkable milestone mirrored the consistent interest in WhiteBIT’s offerings, a testament to their unwavering commitment and service excellence.
Key Drivers of Growth
A significant factor behind WhiteBIT’s impressive trading volume has been the addition of institutional clients. The exchange developed a market maker program specifically designed for big-time traders, offering reduced fees and potential rebates up to -0.01%. This setup attracted professional traders due to its high-frequency trading conditions. Additionally, institutional loans have played a crucial role in fostering trust within the professional community, allowing for large-scale transactions.
Additionally, the technology setup of this platform played a role, offering advantages like colocation to minimize delay, sub-accounts for varied investment strategies, and a sturdy API that caters to the requirements of our institutional customers.
Introducing the new affiliate program significantly boosted community involvement among retail traders, facilitated user growth, and heightened trading activity, all contributing to WhiteBIT’s impressive overall performance.
Currently, the exchange serves over 1,300 institutional clients.
Expanding Global Reach
Currently, more than 30 million individuals globally are tapping into offerings from the WhiteBIT Group conglomerate. This range of services includes the centralized exchange WhiteBIT, the crypto payment system Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket. Furthermore, the WhiteBIT Group’s portfolio extends to Whitechain, its own blockchain technology, and WhiteBIT Coin (WBT), which has witnessed an impressive 349.39% increase in value over the past year.
WhiteBIT consistently expands its lead in the worldwide market with over 600 different trading combinations and more than 300 distinct digital assets at its disposal.
In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.
Commitment to Security
As a researcher, I find WhiteBIT to be one of the most secure global cryptocurrency exchanges currently available. With its placement among the top 5 in security by CER.live, it stands out as an industry leader. Furthermore, being the first crypto exchange to achieve the highest-level Cryptocurrency Security Standard (CCSS) certification underscores its commitment to maintaining unparalleled safety and security for users like myself.
As a responsible crypto investor, I appreciate that this platform takes the security of my transactions seriously. It boasts a PCI DSS certification, ensuring the protection of my payment data, and it’s even been honored by Hacken for its exceptional commitment to cybersecurity. This gives me peace of mind knowing that my investments are in good hands.
WhiteBIT stays dedicated to ongoing development, reinforcing its presence globally, and broadening its influence within the worldwide cryptocurrency landscape.
About WhiteBIT
WhiteBIT, established in Ukraine in 2018, stands as Europe’s leading decentralized cryptocurrency trading platform. It offers a diverse range of trading options with over 600 pairs, more than 300 assets, and supports nine different fiat currencies. Being part of the WhiteBIT Group holding, this platform caters to over 30 million customers worldwide.
Contact
WhiteBIT PR Service
pr@whitebit.com
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2024-12-19 20:20