Vilnius, Lithuania, December 20, 2024, Chainwire
WhiteBIT, Europe's main cryptocurrency trade, 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 overseas trade markets (spot and futures), demonstrating the fast 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 keeping with Volodymyr Nosov, founder and CEO of WhiteBIT, this milestone displays the progressive methods and strategic route of the trade: “Reaching $2.7 trillion is the results of our devoted teamwork and the belief of our prospects. We stay dedicated to growing cutting-edge applied sciences tailor-made to the wants of retail and institutional merchants.
Prime 2 when it comes to site visitors
As of fall 2024, WhiteBIT has consolidated its place because the second most visited crypto trade, with 33 million visits to the platform. This achievement positions it simply behind Binance, reflecting continued curiosity in WhiteBIT's companies.
Principal progress drivers
One of many greatest contributors to WhiteBIT's file buying and selling quantity has been the onboarding of institutional purchasers. The trade 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 offered circumstances for high-frequency buying and selling, attracting skilled merchants to the platform. Institutional lending has additionally turn into the cornerstone of constructing belief throughout the skilled neighborhood, enabling large-scale transactions.
The platform's technical infrastructure additionally helped, with options akin to co-location to cut back latency, sub-accounts for technique diversification, and a strong API supporting its companies for institutional purchasers.
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 job in WhiteBIT's sturdy efficiency .
Presently, the trade serves greater than 1,300 institutional purchasers.
Increasing world attain
In the present day, greater than 30 million folks around the globe use the companies and merchandise of the WhiteBIT Group holding firm. These embrace centralized trade WhiteBIT, crypto cost answer Whitepay, decentralized trade WhiteSwap, NFT market white.market, and gaming platform Pocket Rocket. Moreover, the WhiteBIT Group consists of Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which grew 349.39% in the course of 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 latest 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 trade to realize the very best stage of Cryptocurrency Safety Customary (CCSS) certification.
The platform additionally holds a Fee Card Business Knowledge Safety Customary (PCI DSS) certification, defending buyer cost data, 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 impression on the worldwide crypto ecosystem.
About WhiteBIT
WhiteBIT is the most important European centralized cryptocurrency trade based in Ukraine in 2018, presents 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 around the globe.
ContactWhiteBIT PR Servicepr@whitebit.com
This text was initially revealed on Chainwire
