Vilnius, Lithuania, December 20, 2024, Chainwire
WhiteBIT, Europe’s leading cryptocurrency exchange, ended the year with noteworthy performance. Recent estimates show the company’s capital has reached $38.9 billion, and annual trading volume has surged to $2.7 trillion, a 200% increase over the previous year. These figures cover all exchange markets (spot and futures) and demonstrate the company’s rapid growth and increasing user trust.
For context, WhiteBIT’s trading volume surpassed major players such as Kraken, which has $628 billion in annual trading volume. WhiteBIT’s trading volume exceeds the GDP of countries such as Italy or Canada and approaches France’s GDP of $3 trillion.
According to WhiteBIT Founder and CEO Volodymyr Nosov, this milestone reflects the exchange’s innovative strategy and strategic focus. “Reaching $2.7 trillion is the result of dedicated teamwork and the trust of our customers. We remain committed to developing cutting-edge technology that meets the needs of retail and institutional traders.”
Top 2 Traffic
By the fall of 2024, WhiteBIT had reached 33 million visitors to its platform, making it the second most visited cryptocurrency exchange. This performance places it just behind Binance, reflecting continued interest in WhiteBIT services.
Key drivers of growth
One of the key contributors to WhiteBIT’s record trading volume was the onboarding of institutional clients. The exchange has introduced a market maker program tailored to the needs of large traders. With low commissions and a high rebate of -0.01%, the program offers conditions for high-frequency trading, attracting professional traders to the platform. Institutional loans also became a cornerstone of trust building within the professional community, making large-scale transactions possible.
The platform’s technical infrastructure also contributed, with features such as colocation to reduce latency, sub-accounts to diversify strategies, and powerful APIs to support services for institutional customers.
The introduction of the new affiliate program has contributed to WhiteBIT’s strong performance by engaging the retail trader community, supporting user acquisition, and enhancing trading activity.
Currently, the exchange serves more than 1,300 institutional clients.
Expanding global reach
Today, more than 30 million people worldwide use the services and products of WhiteBIT Group. These include centralized exchange WhiteBIT, cryptocurrency payment solution Whitepay, decentralized exchange WhiteSwap, NFT marketplace white.market, and gaming platform Pocket Rocket. WhiteBIT Group also includes its own blockchain, Whitechain, and WhiteBIT Coin (WBT), which experienced 349.39% year-on-year growth.
With over 600 trading pairs and 300 digital assets, WhiteBIT continues to strengthen its competitiveness in the global market.
In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.
Commitment to Security
WhiteBIT stands out as one of the most secure cryptocurrency exchanges globally. It is the first cryptocurrency exchange to obtain the highest level of CCSS (Cryptocurrency Security Standard) certification, ranking among the top 5 in the security category by CER.live.
The platform also holds Payment Card Industry Data Security Standard (PCI DSS) certification to protect customer payment information and has been recognized for excellence in cybersecurity by Hacken.
WhiteBIT is committed to continued growth, solidifying its position in international markets and expanding its influence on the global cryptocurrency ecosystem.
Introduction to Whitebit
WhiteBIT is Europe’s largest centralized cryptocurrency exchange, founded in Ukraine in 2018, offering over 600 trading pairs, 300 assets and supporting 9 fiat currencies. The platform, part of the WhiteBIT Group holdings, serves more than 30 million customers globally. WhiteBIT cooperates with Visa, FACEIT, FC Barcelona, Trabzonspor, Ukraine national football team and lifecell. The company is committed to promoting widespread adoption of blockchain technology in Ukraine and around the world.
contact
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WhiteBIT’s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024