Vilnius, Lithuania, December 20, 2024, Chainwire
The main European cryptocurrency alternate WhiteBIT ended the yr with exceptional achievements. The newest estimates present that the corporate's capitalization has reached $38.9 billion, whereas annual enterprise quantity has grown to $2.7 trillion – a 200% enhance in comparison with the earlier yr. These numbers embrace all inventory markets (spot and futures), which exhibits the fast development of the corporate and the rising confidence of its customers.
For context, WhiteBIT's buying and selling quantity surpassed main gamers comparable to Kraken, whose annual buying and selling quantity was $628 billion. The amount of WhiteBIT trades exceeds the GDP of nations comparable to Italy or Canada and approaches the GDP of France 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 shoppers. We stay dedicated to creating cutting-edge applied sciences tailor-made to the wants of each retail and institutional merchants.”
High 2 within the Transport part
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 ranks it simply behind Binance, reflecting the continued curiosity in WhiteBIT's providers.
Key drivers of development
One of many predominant contributors to WhiteBIT's document deal quantity was the onboarding of institutional shoppers. The alternate launched a market maker program tailor-made to the necessities of huge merchants. With low charges and reductions of as much as -0.01%, this system supplied circumstances for high-frequency buying and selling and attracted skilled merchants to the platform. Institutional lending has additionally turn out to be a cornerstone for constructing belief throughout the skilled neighborhood and enabling large-scale transactions.
The platform's technical infrastructure has additionally contributed, with options comparable to co-location to cut back latency, sub-accounts to diversify technique and a sturdy API supporting its providers to institutional shoppers.
The introduction of the brand new associates program contributed to participating the retail service provider communities, supporting person acquisition and boosting enterprise exercise, which performed a job in WhiteBIT's sturdy efficiency.
Presently, the alternate serves greater than 1,300 institutional shoppers.
Increasing world attain
In the present day, over 30 million folks all over the world use the providers and merchandise of the WhiteBIT Group holding firm. These embrace the centralized alternate WhiteBIT, the crypto fee resolution Whitepay, the decentralized alternate WhiteSwap, the NFT market white.market and the gaming platform Pocket Rocket. As well as, WhiteBIT Group contains Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has seen a year-to-date development of 349.39%.
With greater than 600 buying and selling pairs and greater than 300 digital belongings, 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 one of the crucial safe cryptocurrency exchanges on the earth. CER.dwell ranks within the high 5 in safety and is the primary crypto alternate to realize the best degree of Cryptocurrency Safety Normal (CCSS) certification.
The platform can be Fee Card Business Knowledge Safety Normal (PCI DSS) licensed to guard clients' fee knowledge and has been acknowledged by Hacken for excellence in cybersecurity.
WhiteBIT stays dedicated to steady development, consolidating its place within the worldwide market and increasing its affect within the world crypto ecosystem.
About WhiteBIT
WhiteBIT is the most important European centralized cryptocurrency alternate based in Ukraine in 2018, provides greater than 600 buying and selling pairs, 300 belongings and helps 9 fiat currencies. As a part of the WhiteBIT Group holding, the platform serves greater than 30 million clients worldwide. WhiteBIT works with Visa (NYSE:), FACEIT, FC Barcelona, Trabzonspor, Ukrainian nationwide soccer workforce and lifecell. The corporate is devoted to selling the widespread adoption of blockchain know-how in Ukraine and all over the world.
ContactWhiteBIT PR servicepr@whitebit.com
This text was initially printed on Chainwire
