WhiteBIT's institutional focus resulted in an unprecedented trading volume, reaching a staggering $2.7 trillion in 2024.
WhiteBIT Soars to New Heights: Europe's Leading Crypto Exchange
WhiteBIT, one of Europe's foremost cryptocurrency exchanges, has experienced remarkable growth and success in recent years. The platform's annual trading volume surged to an impressive $2.7 trillion, marking a 200% increase from the previous year 1.
With over 30 million users worldwide, WhiteBIT's services and products have gained global appeal 1. The exchange's growth can be attributed to several key factors, including its strong emphasis on security, a diverse range of crypto assets, and a secure trading environment that has been established since its founding in 2018 2.
Regulatory compliance plays a significant role in WhiteBIT's success, as the platform benefits from evolving and clearer crypto regulations in Europe, which boost investor confidence and attract institutional participation 1. The exchange offers a wide selection of cryptocurrencies to trade, appealing to a broad user base globally 3.
Security is another critical aspect of WhiteBIT's offerings, with the exchange being the first to achieve the highest-level Cryptocurrency Security Standard (CCSS) certification 3. This focus on security is particularly important in the context of concerns around hacks in crypto exchanges.
WhiteBIT's user-friendly platform is another factor contributing to its growth. While not explicitly detailed for WhiteBIT in the sources, top exchanges often gain traction by incorporating user-friendly features such as AI trading bots, DeFi access, and tools catering to both retail and institutional users 2.
The overall growth of the cryptocurrency exchange market in Europe and worldwide has also fueled platforms like WhiteBIT. This growth is supported by increasing institutional investments, clearer regulatory frameworks, rising public awareness, and innovating features such as AI-assisted trading tools, DeFi integration, and enhanced staking options 1.
WhiteBIT's success is further boosted by an affiliate program, which aims to engage retail traders, support user acquisition, and enhance trading activity on the platform 1. The exchange currently offers over 600 trading pairs and more than 300 digital assets 1. Institutional clients are a primary contributor to WhiteBIT's record trading volume 1.
WhiteBIT's technical infrastructure includes features such as colocation, sub-accounts, and a robust API for institutional clients 1. The WhiteBIT Group holding includes the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket 1.
WhiteBIT is planning to enter the US market and has already secured a Payment Card Industry Data Security Standard (PCI DSS) certification 1. The exchange is ranked among the top 5 most secure cryptocurrency exchanges globally by CER.live and has been recognised by Hacken for excellence in cybersecurity 1.
WhiteBIT Coin (WBT) has experienced 349.39% growth over the year 1. The exchange has reached a capitalization of $38.9 billion 1. To cater to large-scale traders, WhiteBIT introduced a market maker program with low fees and high rebates 1. Institutional loans have built trust within the professional community, enabling large-scale transactions on WhiteBIT 1.
WhiteBIT currently serves over 1,300 institutional clients 1. The exchange's trading volume surpasses major players like Kraken and approaches the GDP of France 1. WhiteBIT holds the second-most visited crypto exchange position with 33 million visits in the fall of 2024 1.
WhiteBIT collaborates with notable entities such as 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 1.
In summary, WhiteBIT's rapid growth and success are driven by its secure and broad crypto offering aligned with favorable market conditions including regulatory clarity, institutional adoption, technological innovation, and growing digital asset popularity across Europe and globally.
- WhiteBIT's decentralized exchange, WhiteSwap, adds to the platform's offerings, catering to a broad user base with various digital assets.
- The exchange's cybersecurity measures have earned it recognition as one of the top 5 most secure cryptocurrency exchanges globally.
- As the crypto market continues to grow, trading volume on WhiteBIT has increased significantly, approaching the GDP of France.
- The NFT marketplace, white.market, and gaming platform Pocket Rocket are other ventures under the WhiteBIT Group, further expanding the company's business interests.
- Through collaborations with Visa, FACEIT, FC Barcelona, and other entities, WhiteBIT is playing a crucial role in promoting the widespread adoption of blockchain technology, particularly in Ukraine.
