CandleFocus

WhiteBIT sets new Bitcoin benchmark in a year the exchange nails $2.7 trillion in annual trading volume

Author: Content Editor
WhiteBIT, a crypto exchange in Europe, has achieved significant milestones, including a capitalization of $38.9 billion and an annual trading volume of $2.7 trillion. The exchange's trading volume surpassed major players like Kraken and has even exceeded the GDP of nations like Italy and Canada. The surge in trading volume can be attributed to the influx of institutional clients, who were attracted by the exchange's market maker program and institutional loans. WhiteBIT's technical framework, including features like colocation and sub-accounts, has positioned it as a reliable choice for institutional traders. The exchange also launched an affiliate program to attract retail traders. The CEO confirmed plans to enter American markets, and the exchange currently serves over 1,300 institutional clients. The WhiteBIT Group ecosystem includes various services and its proprietary blockchain, Whitechain. The exchange is known for its high level of security certifications, including the Cryptocurrency Security Standard (CCSS) and the Payment Card Industry Data Security Standard (PCI DSS). WhiteBIT aims to strengthen its position in the global crypto ecosystem and contribute to its growth.

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