WhiteBIT Surpasses Kraken in Annual Trading Volume
WhiteBIT, Europe’s leading cryptocurrency exchange, has outpaced Kraken in annual trading volume. Including both spot and futures markets, WhiteBIT achieved an impressive $2.7 trillion, compared to Kraken’s $628 billion.
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WhiteBIT, Europe’s leading cryptocurrency exchange, has outpaced Kraken in annual trading volume. Including both spot and futures markets, WhiteBIT achieved an impressive $2.7 trillion, compared to Kraken’s $628 billion.
For context, WhiteBIT’s trading volume exceeds the GDP of countries like Italy or Canada and approaches the GDP of France.
WhiteBIT has significantly outperformed its own records, with its annual trading volume tripling compared to the previous year. The exchange also boasts impressive valuation figures, with its latest market capitalization reaching $38.9 billion.
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,
said WhiteBIT Founder and CEO Volodymyr Nosov.
One major factor behind this milestone is WhiteBIT’s success in attracting institutional clients. The exchange introduced a market maker program tailored for large-scale players and launched institutional lending services.
Related: WhiteBIT Achieves Unprecedented CCSS Level 3 Security Milestone
Another contributing factor is WhiteBIT’s new affiliate program designed to attract large communities of retail traders. This initiative likely boosted new user registrations and increased trading activity on the platform.
Notably, WhiteBIT is a leader in platform traffic within its segment, ranking just behind Binance. In fall 2024, WhiteBIT secured second place among crypto exchanges, reaching 33 million platform visits.
Related: QuickSend on WhiteBIT: The Simplest Way to Send Crypto
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