Volodymyr Nosov, the CEO of WhiteBIT, one of the largest crypto exchanges in Europe by traffic and trading volume, has shared the journey his company has undergone.
Nosov explained that the exchange grew by over 500%, with new offices in various parts of the world, over 1,100 employees, and partnerships with prominent brands, including FC Barcelona, Turkish FC Trabzonspor, the Ukrainian National Football Team, VISA, and ESL Faceit.
Additionally, WhiteBIT’s CEO announced in interview for Coingape that the company also plans to enter the American market:
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“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.”
The WhiteBIT Group’s growth is also reflected in its user base, which reaches over 30 million clients. Their core cryptocurrency exchange serves about 5.5 million users, with 1 million joining in 2023 alone. It handles a daily trading volume of $11 billion on the spot market and $40 billion on the futures market, which resulted in CoinGecko ranking it among the TOP-10 on futures market rating.
Furthermore, CoinGecko also ranked in the TOP-2 for its website traffic, as it handles a base of 33 million users and over 1,000 institutional clients.
Expanding WhiteBIT’s reach
Volodymyr Nosov also stressed that the company has expanded from a startup to a prominent blockchain enterprise, which encompasses both the centralized WhiteBIT crypto exchange and the decentralized WhiteSwap exchange, Whitepay crypto-acquiring solution, the white.market marketplace, the Whitechain blockchain, and the WB Soul Ecosystem to power it.
Lastly, the blockchain holding offers the WhiteEX physical cards for crypto balance top-ups, the native WhiteBIT Coin (WBT), the G.N. News portal, the Pocket Rocket game, and the BiHy entertainment and educational YouTube channel.
Nosov added:
“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.”
He also commended the platform’s native token:
“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.”
WhiteBIT’s CEO further highlighted the efforts to grow the exchange and expressed confidence in continued expansion.
