Over the past few years, WhiteBIT cryptocurrency exchange has rapidly expanded in the international market, becoming the largest crypto exchange in Europe by traffic and trading volume, surpassing all local competitors.
Since 2022, the exchange has grown fivefold, as evidenced by offices in different parts of the world, the growth of the team to over 1,100 professionals, and collaborations with such eminent partners as FC Barcelona, Turkish FC Trabzonspor, the Ukrainian National Football Team, as well as giants VISA, ESL Faceit, etc.
The company isn’t stopping there and plans to expand into the American market in the future. This was confirmed by the founder and CEO of WhiteBIT in an interview with CoinGape.
“Entering the U.S. is not just about geography—it’s about meeting high regulatory standards. We’ve spent time researching the market and tailoring our strategies to comply with local regulations. This ensures we’re offering products that meet the expectations of both institutional investors and private traders in the U.S.”
As for the WhiteBIT cryptocurrency exchange itself, it serves 5.5 million users today. Over the past year alone, the number of accounts on the platform increased by over 1 million, doubling the figures from 2022.
WhiteBIT is ranked in the TOP-10 of CoinGecko’s futures market rating. The exchange’s daily trading volume has reached $11 billion on the spot market and $40 billion on the futures market.
The company also leads in overall website traffic. In the fall of 2024, WhiteBIT ranked in the TOP-2 for platform traffic, with 33 million users. Regarding institutional clients, WhiteBIT now serves over 1,000.
Volodymyr Nosov also highlights that in just six years, the company has grown from a startup into a powerful blockchain holding. The WhiteBIT group of companies now includes WhiteBIT centralized crypto exchange, Whitepay crypto-acquiring solution, WhiteSwap decentralized exchange, the white.market marketplace, the Whitechain blockchain, and the WB Soul Ecosystem built within it. Additionally, the group offers the WhiteEX physical cards for crypto balance top-ups, its native coin WhiteBIT Coin (WBT), the Pocket Rocket game, the G.N. News portal, and the BiHy entertainment and educational YouTube channel.
“This year, we launched WhitePool, a mining pool that quickly became one of the top global players in terms of hash rate. Within just months of its debut, it achieved a hash rate of 7 EH/s and, in October alone, mined six blocks worth over $1.2 million,” Nosov shared.
WhiteBIT CEO also highlighted the significance of WhiteBIT Coin (WBT) which has also gained substantial traction as a versatile digital asset. Offering reduced transaction fees and exclusive bonuses, WBT is increasingly being used for everyday transactions and investments.
“WBT’s performance speaks volumes about its potential. This fall, it grew by 63.5%, surpassing $20* in value. This reflects both organic interest and active usage, and we’re excited to see how it continues to grow,” Nosov explained.
According to CoinGecko, as of December 2024, the value of WhiteBIT Coin (WBT) reached $25.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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