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According to reports, WhiteBIT, as the leading cryptocurrency exchange in Europe, is wrapping up the year with remarkable achievements. On-chain data and market estimates show that the company’s capitalization has reached $38.9 billion.
WhiteBIT’s annual trading volume has risen to $2.7 trillion, up 200% from the previous year. The data reflects the entire exchange market, both spot and futures, highlighting the company’s rapid growth and the growing confidence of its user base.
You can always trust blockchain data. The exchange's trading volume has surpassed major players like Kraken, which has a trading volume of
WhiteBIT captures the GDP of countries
In an astonishing development, WhiteBIT’s trading volume has surpassed the GDP of countries like Italy and Canada, and is approaching the $3 trillion mark set by France.
Founder and CEO Volodymyr Nosov stated that this achievement confirms 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 meet the needs of both individual and institutional traders.
How did the exchange get here? In the fall of 2024, WhiteBIT emerged as the second most visited cryptocurrency exchange, with an astonishing 33 million visits to its platform. This achievement puts it just behind Binance and highlights the growing demand for WhiteBIT’s services.
WhiteBIT trac record - How did you achieve the trading numbers?
The surge in trading volume on the exchange can be largely attributed to the influx of institutional clients. The exchange has launched a market maker program specifically designed to cater to the needs of institutional traders.
The program, which features low fees and rebates of up to -0.01%, is designed for the high-frequency trading environment, and has successfully brought professional traders to the platform. Institutional loans have emerged as a key element in building trust among professionals facilitating important transactions.
The platform’s advanced technical framework has been instrumental in its success. With features like co-location to reduce latency, sub-accounts to enhance strategy diversification, and a robust API, WhiteBIT has positioned itself as a reliable ally for enterprise clients.
The launch of a new affiliate program played a pivotal role in attracting large communities of retail traders, boosting user acquisition, and amplifying trading activity, all of which greatly enhanced the exchange’s impressive performance.
Many investors, countries, and business entities are preparing themselves for markets under Donald Trump. This is the first time America has a president and a Bitcoin dent administration. It is clear that what the US is doing seems to be spilling over into the rest of the global economy.
Reports suggest that WhiteBIT is planning to enter the US market. In a recent interview, CEO Volodymyr Nosov confirmed these sentiments, and investors are starting to take their positions.
Currently, more than 30 million people around the world interact with the services provided by the WhiteBIT Group ecosystem. The group 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.
Moreover, the ecosystem includes Whitechain, its own 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 cryptocurrency exchanges in the world. This cryptocurrency exchange has been ranked among the top 5 most secure exchanges by CER.live, and has cemented itself as the first platform to receive the highest level of Cryptocurrency Security Standards (CCSS) certification.
The platform boasts PCI DSS certification, ensuring customer payment information is protected, and has been recognized by Hacken for its outstanding cybersecurity measures.
As with any other cryptocurrency exchange in the world, WhiteBIT aims to strengthen its position in the international market and contribute to the global cryptocurrency ecosystem through continuous growth.