Press Releases

WhiteBIT’s Institutional Focus Drives Trading Volume To Record $2.7 Trillion in 2024

Published

3 days ago

December 19, 2024

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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 people worldwide use services and products from the WhiteBIT Group holding.

These include the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the DEX (decentralized exchange) WhiteSwap, the NFT marketplace white.market and the gaming platform Pocket Rocket.

Additionally, WhiteBIT Group encompasses Whitechain – its proprietary blockchain – and WBT (WhiteBIT Coin), which has experienced 349.4% growth over the year.

With over 600 trading pairs and more than 300 digital assets, WhiteBIT continues to strengthen its competitive edge in the global market.

In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.

Commitment to security

WhiteBIT stands out as one of the most secure cryptocurrency exchanges globally.

Ranked among top five in security by CER.live, it is the first crypto exchange to achieve the highest-level CCSS (cryptocurrency security standard) certification.

The platform also holds a PCI DSS (payment card industry data security standard) certification, safeguarding customer payment information and has been recognized by Hacken for excellence in cybersecurity.

WhiteBIT remains committed to continuous growth, solidifying its position in the international market and expanding its impact on the global crypto ecosystem.

About WhiteBIT

WhiteBIT is the largest European centralized cryptocurrency exchange founded in Ukraine in 2018, offers over 600 trading pairs, more than 300 assets and supports nine fiat currencies.

As part of the WhiteBIT Group holding, the platform serves more than 30 million customers globally.

WhiteBIT collaborates with 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.

Contact

WhiteBIT PR service

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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Bitcoin Core

Youngest Ever Bitcoin Core Contributor Gets Bitcoin Scholarship

Published

4 days ago

December 19, 2024

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Chaincode Labs, a privately funded Bitcoin research and development centre based in New York City, has awarded its inaugural Bitcoin Scholarship to 17-year-old Ishaana Misra, the youngest contributor to Bitcoin Core in the technology’s 15-year history.

Misra was selected from 232 applicants globally for the scholarship, covering one year’s academic expenses. She can renew it annually to potentially fund her entire undergraduate education.

“This scholarship exists to encourage young people to consider a career in Bitcoin open source development,” said Adam Jonas, CEO of Chaincode Labs. “In order to do that, they need experience. This seemed like the right kind of incentive where we are helping them continue their education and they spend their summers contributing to Bitcoin open source software.”

Misra started programming at 12, but her Bitcoin journey began before high school when she read the whitepaper. She quickly went from running a node to contributing to Bitcoin Core, teaching herself C++.

“I’m usually the youngest at Bitcoin developer meetups, but I don’t think about it much anymore,” said Misra. “Your work really speaks for itself. If you’re interested, people will take you seriously.”

It’s inspiring to see the younger generation getting involved with Bitcoin development and being supported, as it will encourage more youth to contribute.

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Press Releases

MicroBT Unveils New-Gen WhatsMiner M6XS++ Series at Bitcoin MENA 2024

Published

2 weeks ago

December 9, 2024

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Abu Dhabi, December 9, 2024 – MicroBT, a world-leading Bitcoin ASIC manufacturer, has once again showcased its technological prowess and innovation-driven approach by introducing the latest WhatsMiner M6XS++ series at the Bitcoin MENA 2024 Conference in Abu Dhabi, UAE.

During the conference, Dr. Zuoxing Yang, the Founder and CEO of MicroBT, delivered a keynote address titled “Lead Great and Green Mining Forward.” In his speech, he unveiled advancements in solar power mining technology, highlighted the innovative heat utilization in hydro-cooling mining systems, and introduced the new WhatsMiner models.

The mining industry stands at a pivotal juncture, with green mining emerging as a forefront trend for the future. Dr. Yang emphasized the transformative potential of solar mining, predicting a significant reduction in electricity costs for solar power mining to approximately 3.4 cents USD per kWh by 2025. Furthermore, WhatsMiner’s groundbreaking high-temperature water outlet hydro-cooling technology is pushing the boundaries of comprehensive heat recovery. This technology enables the WhatsMiner hydro-cooling system to either minimize mining cooling needs or repurpose heat for advanced applications, such as industrial steam production, seawater desalination, and heating systems, thereby reinforcing MicroBT’s prominent position in the green mining sector.

Subsequently, Dr. Yang unveiled the latest generation of WhatsMiner products. The air-cooled M60S++ boasts a hashrate of up to 226 TH/s with a power efficiency of 15.5 J/T. The hydro-cooled M63S++ offers a hashrate of up to 478 TH/s, maintaining the same power efficiency of 15.5 J/T. The immersion-cooled M66S++, meanwhile, provides a hashrate of up to 356 TH/s, also with a power efficiency of 15.5 J/T.

Additionally, the WhatsMiner line includes the air-cooled M61S+ with a hashrate of up to 236 TH/s and a power efficiency of 17 J/T. The hydro-cooled M64S+ and M65S+ feature hashrates of up to 236 TH/s and 440 TH/s respectively, both with a power efficiency of 17 J/T. Notably, the outlet water temperature for both the M64S+ and M65S+ can reach up to 80°C.

In conclusion, Dr. Yang proudly announced MicroBT’s steadfast dedication to pioneering sustainable and eco-friendly mining practices, heralding a new era of green mining excellence and visionary leadership. With the unveiling of the latest WhatsMiner products, MicroBT stands poised and confident to decisively spearhead the green mining revolution.

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Press Releases

Valhalla Partners With Hong Kong International Cricket Sixes for a Thrilling Comeback

Published

2 months ago

October 25, 2024

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October 25, 2024 – Miami, Florida

Valhalla, Floki’s P2E (play-to-earn) MMORPG (massively multiplayer online role-playing game) blockchain game, has teamed up with the Hong Kong International Cricket Sixes as its official partner, marking the much-anticipated return of the tournament after a seven-year break.

From November 1 to November 3, 2024, top international teams will face off in this fast-paced cricket format at the Tin Kwong Road Recreation Ground.

The Cricket Sixes has been a celebrated event since its debut in 1992, with legendary players like Sachin Tendulkar, MS Dhoni, Shane Warne and Sanath Jayasuriya gracing the field over the years.

Valhalla’s partnership with the Sixes reflects the synergy between competitive sports and the blockchain gaming world.

Mr. Brown Whale, Valhalla’s lead, said,

“We are thrilled to be part of the Hong Kong International Cricket Sixes. The excitement and energy of this iconic event resonate with our own commitment to innovation and community in gaming.

“This collaboration allows us to engage with cricket fans and show how P2E gaming can elevate both entertainment and the spirit of competition.”

The matches will be broadcast across multiple regions by Star Sports Network, and in India, viewers can catch the action on Fancode, one of the country’s largest sports OTT platforms.

On the ground, key branding assets will include ground perimeter boards, mid wicket logo mats and the presentation backdrop, ensuring strong visibility for both Valhalla and the Sixes event.

This year’s tournament will feature 12 teams divided into four groups. In Group C, India – led by stars like Robin Uthappa and Kedar Jadhav – will face off against Pakistan and the UAE.

Group A includes South Africa, New Zealand and host nation Hong Kong. Group B brings together Australia, England and Nepal, while Sri Lanka, Bangladesh and Oman make up Group D.

The top two teams from each group will progress to the quarterfinals, with 29 matches set to take place over three action-packed days.

About Hong Kong Sixes

The Hong Kong Cricket Sixes is a six-a-side international cricket tournament held at the Kwong Road recreational ground from November 1 to November 3.

The 2024 edition will be conducted after a seven-year gap, and 12 of the best cricketing nations will battle it out for top honors.

Uses can learn more at the website.

About Valhalla

Valhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame and battle with creatures called Veras.

The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat.

Users can learn more here.