Vilnius, Lithuania, December 20, 2024, Chainwire
WhiteBIT, Europe's main cryptocurrency alternate, concludes the yr with notable achievements. The newest estimates reveal that the corporate's capitalization reached $38.9 billion, whereas the annual buying and selling quantity jumped to $2.7 trillion, a rise of 200% from the earlier yr. These figures embody all international alternate markets (spot and futures), demonstrating the speedy progress of the corporate and the rising confidence of its customers.
As a reminder, WhiteBIT's buying and selling quantity exceeded that of 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 is near the GDP of France, valued at $3 trillion.
In line with Volodymyr Nosov, founder and CEO of WhiteBIT, this milestone displays the progressive methods and strategic route of the alternate: “Reaching $2.7 trillion is the results of our devoted teamwork and the belief of our prospects. We stay dedicated to creating cutting-edge applied sciences tailor-made to the wants of retail and institutional merchants.
Prime 2 by way of visitors
As of fall 2024, WhiteBIT has consolidated its place because the second most visited crypto alternate, with 33 million visits to the platform. This achievement positions it simply behind Binance, reflecting continued curiosity in WhiteBIT's companies.
Important progress drivers
One of many greatest contributors to WhiteBIT's document buying and selling quantity has been the onboarding of institutional shoppers. The alternate has launched a market maker program tailor-made to the wants of large-scale merchants. With low charges and reductions of as much as -0.01%, this system supplied situations for high-frequency buying and selling, attracting skilled merchants to the platform. Institutional lending has additionally grow to be the cornerstone of constructing belief inside the skilled group, enabling large-scale transactions.
The platform's technical infrastructure additionally helped, with options reminiscent of co-location to cut back latency, sub-accounts for technique diversification, and a sturdy API supporting its companies for institutional shoppers.
The introduction of a brand new associates program helped interact retail buying and selling communities, help consumer acquisition and enhance buying and selling exercise, which performed a task in WhiteBIT's robust efficiency .
At present, the alternate serves greater than 1,300 institutional shoppers.
Increasing world attain
Right this moment, greater than 30 million individuals world wide use the companies and merchandise of the WhiteBIT Group holding firm. These embody centralized alternate WhiteBIT, crypto fee resolution Whitepay, decentralized alternate WhiteSwap, NFT market white.market, and gaming platform Pocket Rocket. Moreover, the WhiteBIT Group contains Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which grew 349.39% through the yr.
With over 600 buying and selling pairs and over 300 digital property, 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 Security
WhiteBIT stands out as probably the most safe cryptocurrency exchanges on the planet. Ranked Prime 5 for Safety by CER.stay, it’s the first crypto alternate to realize the best degree of Cryptocurrency Safety Customary (CCSS) certification.
The platform additionally holds a Fee Card Business Information Safety Customary (PCI DSS) certification, defending buyer fee info, and has been acknowledged by Hacken for excellence in cybersecurity.
WhiteBIT stays dedicated to continued progress, consolidating 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, gives over 600 buying and selling pairs, 300 property and helps 9 fiat currencies. A part of the WhiteBIT Group holding firm, the platform serves greater than 30 million prospects worldwide. WhiteBIT collaborates with Visa (NYSE:), FACEIT, FC Barcelona, Trabzonspor, Ukrainian nationwide soccer staff and lifecell. The corporate is devoted to driving the widespread adoption of blockchain expertise in Ukraine and world wide.
ContactWhiteBIT PR Servicepr@whitebit.com
This text was initially printed on Chainwire
