According to reports, WhiteBIT has emerged as Europe’s leading crypto exchange, and it ends the year with notable achievements. On-chain data and market estimates show that the company’s capitalization has reached $38.9 billion.
WhiteBIT’s annual trading volume has surged to $2.7 trillion, a 200% increase from the previous year. The data reflects the entirety of exchange markets, both spot and futures, highlighting the company’s swift growth and the growing confidence of its user base.
You can always trust blockchain data. The exchange’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion.
WhiteBIT takes over nations’ GDPs
In a striking development, WhiteBIT’s trading volume has surpassed the GDP of nations such as Italy and Canada, coming close to the $3 trillion mark set by France.
Founder and CEO Volodymyr Nosov stated that this milestone underscores the exchange’s innovative strategies and strategic focus. “Reaching $2.7 trillion is the result of our dedicated teamwork and the trust of our clients. We remain committed to developing cutting-edge technologies tailored to the needs of both retail and institutional traders.”
How did the exchange get here? In the fall of 2024, WhiteBIT emerged as the second-most frequented crypto exchange, boasting an impressive 33 million visits to its platform. This milestone positions it right behind Binance and highlights the increasing appetite for WhiteBIT’s services.
WhiteBIT’s growing track record – How did it achieve the trade numbers?
The surge in the exchange’s trading volume can be largely attributed to the influx of institutional clients. The exchange has rolled out a market maker program designed specifically for the needs of institutional traders.
The program, featuring low fees and rebates reaching -0.01%, tailored an attractive environment for high-frequency trading, successfully attracting professional traders to the platform. Institutional loans emerged as a fundamental element in fostering trust among professionals facilitating significant transactions.
The platform’s sophisticated technical framework was instrumental in its success. With features such as colocation to minimize latency, sub-accounts for enhanced strategy diversification, and a robust API, WhiteBIT has positioned itself as a dependable ally for institutional clients.
The launch of a new affiliate program played a pivotal role in attracting substantial communities of retail traders, enhancing user acquisition, and amplifying trading activity, all of which significantly bolstered the exchange’s impressive performance.
Currently, the exchange serves over 1,300 institutional clients.
What does 2025 look like for WhiteBIT?
Many investors, nations, and trading entities are preparing themselves for markets under the leadership of Donald Trump. This is the first time America has had a pro-Bitcoin president and administration. Obviously, what the US does seems to trickle down to the rest of the global economy.
Reports have it that WhiteBIT plans to enter American markets. In a recent interview, CEO Volodymyr Nosov confirmed these sentiments, and investors have begun to position themselves.
At present, more than 30 million people worldwide interact with the services provided by the “WhiteBIT Group” ecosystem. The lineup features the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket.
Furthermore, the ecosystem includes Whitechain, its proprietary blockchain, along with WhiteBIT Coin (WBT), which has seen a remarkable growth of 349.39% over the past year.
The exchange stands out as one of the most secure crypto exchanges globally. Ranked in the top 5 for security by CER.live, this crypto exchange has cemented itself as the first to attain the highest-level Cryptocurrency Security Standard (CCSS) certification.
The platform boasts a Payment Card Industry Data Security Standard (PCI DSS) certification, ensuring the protection of customer payment information, and has garnered recognition from Hacken for its outstanding cybersecurity measures.
As with any other crypto exchange in the world, WhiteBIT aims to strengthen its international market position and contribute to the global crypto ecosystem through continued growth.
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