{"id":29785,"date":"2024-12-19T18:05:07","date_gmt":"2024-12-19T18:05:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=29785"},"modified":"2024-12-19T18:05:07","modified_gmt":"2024-12-19T18:05:07","slug":"whitebits-institutional-focus-drives-trading-volume-to-record-2-7-trillion-in-2024","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=29785","title":{"rendered":"WhiteBIT\u2019s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024"},"content":{"rendered":"

[PRESS RELEASE \u2013 Vilnius, Lithuania, December 20th, 2024]<\/strong><\/p>\n

Europe\u2019s leading cryptocurrency exchange, WhiteBIT<\/a>, concludes the year with notable achievements. The latest estimates reveal the company\u2019s capitalization has reached<\/a> $38.9 billion, while the annual trading volume surged<\/a> to $2.7 trillion \u2014 a 200% increase compared to the previous year. These figures encompass all exchange markets (spot and futures), showcasing the company\u2019s rapid growth and the increasing trust of its users.<\/p>\n

For context, WhiteBIT\u2019s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion. WhiteBIT\u2019s trading volume exceeds<\/a> the GDP of countries like Italy or Canada and approaches the GDP of France, valued at $3 trillion.<\/p>\n

According to WhiteBIT Founder and CEO Volodymyr Nosov, this milestone reflects the exchange\u2019s innovative strategies and strategic focus: \u201cReaching $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.\u201d<\/p>\n

Top 2 in Traffic<\/strong><\/p>\n

In the fall of 2024, WhiteBIT secured<\/a> its position as the second-most visited crypto exchange, with 33 million visits to the platform. This achievement positions it just behind Binance, reflecting the steady interest in WhiteBIT\u2019s services.<\/p>\n

Key Drivers of Growth<\/strong><\/p>\n

One of the primary contributors to WhiteBIT\u2019s record trading volume has been the onboarding of institutional clients<\/a>. The exchange introduced a market maker program tailored to the requirements of large-scale traders. With low fees and rebates as high as -0.01%, the program provided conditions for high-frequency trading, drawing professional traders to the platform. Institutional loans also became a cornerstone for building trust within the professional community, enabling large-scale transactions.<\/p>\n

The platform\u2019s technical infrastructure also contributed, with features such as colocation to reduce latency, sub-accounts for strategy diversification, and a robust API supporting its services for institutional clients.<\/p>\n

The introduction of a new affiliate program<\/a> contributed by engaging communities of retail traders, supporting user acquisition, and enhancing trading activity, which played a role in WhiteBIT\u2019s strong performance.<\/p>\n

Currently, the exchange serves over 1,300 institutional clients.<\/p>\n

Expanding Global Reach<\/strong><\/p>\n

Today, over 30 million people worldwide use services and products from the WhiteBIT Group holding. These include the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket. Additionally, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has experienced<\/a> 349.39% growth over the year.<\/p>\n

With 600+ trading pairs and more than 300 digital assets, WhiteBIT continues to strengthen its competitive edge in the global market.<\/p>\n

In a recent interview, CEO Volodymyr Nosov confirmed<\/a> WhiteBIT\u2019s plans to enter the US market.<\/p>\n

Commitment to Security<\/strong><\/p>\n

WhiteBIT stands out as one of the most secure cryptocurrency exchanges globally. Ranked<\/a> among top 5 in security by CER.live, it is the first crypto exchange to achieve<\/a> the highest-level Cryptocurrency Security Standard (CCSS) certification.<\/p>\n

The platform also holds a Payment Card Industry Data Security Standard (PCI DSS) certification, safeguarding customer payment information, and has been recognized by Hacken for excellence in cybersecurity.<\/p>\n

WhiteBIT remains committed to continuous growth, solidifying its position in the international market, and expanding its impact on the global crypto ecosystem.<\/p>\n

About WhiteBIT<\/strong><\/p>\n

WhiteBIT<\/a> is the largest European centralized cryptocurrency exchange founded in Ukraine in 2018, offers over 600 trading pairs, 300 assets, and supports 9 fiat currencies. As part of the WhiteBIT Group holding, the platform serves more than 30 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Barcelona, Trabzonspor, the Ukrainian national football team, and lifecell. The company is dedicated to driving the widespread adoption of blockchain technology in Ukraine and worldwide.<\/p>\n

The post WhiteBIT\u2019s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Vilnius, Lithuania, December 20th, 2024] Europe\u2019s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable achievements. The latest estimates reveal the company\u2019s capitalization has reached $38.9 billion, while the annual trading volume surged to $2.7 trillion \u2014 a 200% increase compared to the previous year. These figures encompass all exchange markets (spot […]<\/p>\n","protected":false},"author":0,"featured_media":29786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29785"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29785"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29786"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}