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 alternate, 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% enhance in comparison with the earlier yr. These figures embody all alternate markets (spot and futures), showcasing the corporate’s speedy development 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 alternate’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 creating 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 alternate, 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 Development

One of many main contributors to WhiteBIT’s document buying and selling quantity has been the onboarding of institutional purchasers. The alternate 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 circumstances for high-frequency buying and selling, drawing skilled merchants to the platform. Institutional loans additionally grew to become a cornerstone for constructing belief inside the skilled neighborhood, enabling large-scale transactions.

The platform’s technical infrastructure additionally contributed, with options reminiscent of colocation to scale 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 person acquisition, and enhancing buying and selling exercise, which performed a job in WhiteBIT’s robust efficiency.

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

Increasing International Attain

As we speak, over 30 million folks worldwide use providers and merchandise from the WhiteBIT Group holding. These embody the centralized alternate WhiteBIT, the crypto cost resolution Whitepay, the decentralized alternate 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% development 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 one of the safe cryptocurrency exchanges globally. Ranked amongst high 5 in safety by CER.dwell, it’s the first crypto alternate to attain the highest-level Cryptocurrency Safety Customary (CCSS) certification.

The platform additionally holds a Fee Card Trade Information Safety Customary (PCI DSS) certification, safeguarding buyer cost info, and has been acknowledged by Hacken for excellence in cybersecurity.

WhiteBIT stays dedicated to steady development, solidifying its place within the worldwide market, and increasing its influence on the worldwide crypto ecosystem.

About WhiteBIT

WhiteBIT is the biggest European centralized cryptocurrency alternate 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 clients globally. WhiteBIT collaborates with Visa (NYSE:V), 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