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WhiteBIT sets new benchmark: cryptocurrency exchange annual trading volume reaches $2.7 trillion, market value reaches $38.9 billion
WhiteBIT sets new benchmark: cryptocurrency exchange annual trading volume reaches $2.7 trillion, market value reaches $38.9 billion
December 19, 2024
WhiteBit annual trading volume
WhiteBIT, Europe’s leading cryptocurrency exchange, has ended the year with great success. At last count, the company’s market capitalization stood at $38.9 billion, while annual trading volume surged to $2.7 trillion — a 200% increase from the previous year. These figures cover all trading markets (spot and futures), demonstrating the company’s rapid growth and increasing user trust.
For context, WhiteBIT’s trading volume exceeds that of major competitors such as Kraken, which has an annual trading volume of $628 billion. Notably, WhiteBIT’s transaction volume exceeds the GDP of countries like Italy or Canada, and is close to France’s GDP, which is valued at $3 trillion.
According to WhiteBIT founder and CEO Volodymyr Nosov, this milestone reflects the exchange’s innovative approach and strategic focus: “Reaching $2.7 trillion is the result of our team’s hard work and our customers’ trust. We remain committed to developing cutting-edge technologies that meet the needs of both retail and institutional traders.”
Traffic ranked second
In autumn 2024, WhiteBIT secured its position as the second most visited cryptocurrency exchange with 33 million platform visits. The achievement puts it second only to Binance and highlights the growing demand for WhiteBIT’s services.
Key drivers of growth
One of the main contributors to WhiteBIT's record trading volume was the onboarding of institutional clients. The exchange has launched a market maker program that caters to the needs of large traders. The program offers low fees and rebates of up to -0.01%, providing attractive conditions for high-frequency trading, attracting professional traders to the platform. Institutional lending has also become a cornerstone for building trust in the professional community, making large transactions possible.
The platform's advanced technological infrastructure also played an important role. Co-location services to reduce latency, sub-accounts for strategy diversification, and a powerful API make WhiteBIT a reliable partner for institutional clients.
The newly launched affiliate program also significantly supports WhiteBIT’s excellence by attracting a large community of retail traders, driving user acquisition and trading activity.
Currently, the exchange serves more than 1,300 institutional clients.
Expanding global influence
Today, more than 30 million people around the world use the services and products of the "WhiteBIT Group" ecosystem. These include centralized exchange WhiteBIT, crypto payment solution Whitepay, decentralized exchange WhiteSwap, NFT marketplace white.market, and gaming platform Pocket Rocket. In addition, the ecosystem also includes its proprietary blockchain Whitechain and WhiteBIT Coin (WBT), the latter of which has grown by 349.39% in one year.
With over 600 trading pairs and more than 300 digital assets, WhiteBIT continues to strengthen its competitive advantages in the global market.
In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.
Commitment to safety
WhiteBIT stands out as one of the most secure cryptocurrency exchanges in the world. The exchange ranks among the top five for security according to CER.live’s rating and is the first crypto exchange to receive the highest level of Cryptocurrency Security Standard (CCSS) certification.
The platform also holds the Payment Card Industry Data Security Standard (PCI DSS) certification to protect customer payment information and has been recognized by Hacken for its excellence in cybersecurity.
WhiteBIT will continue to focus on continued growth, strengthening its position in international markets, and expanding its impact on the global crypto ecosystem.
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