December 19, 2024 – Vilnius, Lithuania
Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable achievements.
The latest estimates reveal the company’s capitalization has reached $38.9 billion, while the annual trading volume surged to $2.7 trillion a 200% increase compared to the previous year.
These figures encompass all exchange markets (spot and futures), showcasing the company’s rapid growth and the increasing trust of its users.
For context, WhiteBIT’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion.
WhiteBIT’s trading volume exceeds the GDP (gross domestic product) of countries like Italy or Canada and approaches the GDP of France, valued at $3 trillion.
This milestone reflects the exchange’s innovative strategies and strategic focus, according to Volodymyr Nosov, founder and CEO of WhiteBIT, who said,
“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.”
Top two in traffic
In the fall of 2024, WhiteBIT secured 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’s services.
Key drivers of growth
One of the primary contributors to WhiteBIT’s record trading volume has been the onboarding of institutional clients.
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.
The platform’s 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.
The introduction of a new affiliate program contributed by engaging communities of retail traders, supporting user acquisition and enhancing trading activity, which played a role in WhiteBIT’s strong performance.
Currently, the exchange serves over 1,300 institutional clients.
Expanding global reach
Today, over 30 million…
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