WhiteBIT Rolls Out Institutional-Grade Crypto Services as Wall Street’s FOMO Kicks In

Another exchange bends the knee to institutional money—WhiteBIT just unveiled a suite of pro-tier services targeting hedge funds and asset managers. Because nothing screams ’decentralization’ like courting the same suits who shorted GameStop.

The move comes as TradFi players scramble for crypto exposure without getting their hands dirty with self-custody. WhiteBIT’s new offerings include overcollateralized lending (how innovative) and ’bespoke’ OTC desks—because billionaires prefer their liquidity served on silver platters.

While the press release touts ’meeting growing demand,’ cynics note this is just the latest capitulation to Wall Street’s colonization of crypto. Remember when this was about bankless finance? Pepperidge Farm remembers.

WhiteBIT Expands To Cater To Financial Institutions

WhiteBIT is the largest European crypto exchange by traffic. The platform offers 780 trading pairs, with more than 330 assets. The exchange also supports 9 fiat currencies. Founded in 2018, the popular exchange has garnered more than 35 million customers globally.

The growing outlet is dedicated to driving global blockchain technology adoption. WhiteBIT has partnered with several internationally known entities. Some of them include Visa, FACEIT, FC Barcelona, Trabzonspor, and the Ukrainian national football team.

Elite Class Institutional Services

WhiteBIT launched its institutional services in 2024. In just under one year, the platform is further expanding its initiatives. The firm’s institutional services have grown to offer enhanced trading efficiency with deep liquidity access. The platform also comes with enterprise-grade security and seamless crypto integration.

: Some of the key features of the new services include a Market-Making Program with competitive fees and API support. The platform offers fees as low as 0.012%. The platform also boasts high liquidity, with $2.7 trillion annual trading volume.

: Clients can access WhiteBIT’s 35 million user base. Users will also gain extensive marketing support. This includes bounty campaigns, KOL partnerships, and media exposure.

: WhiteBIT also offers crypto-as-a-service for business integration. To further cater to big businesses, the platform offers institutional-grade custody solutions and an OTC trading platform for large transactions. The integrated nature allows users to buy, store, and manage digital assets within their existing platforms.

: Exclusive benefits for traders with a $10K or more balance and high trading volumes. The program also includes fee discounts (up to -0.001%), premium trading tournaments, and personalized account management.

: Secure EUR-crypto transactions via SEPA, customizable transaction limits (starting from €100K per transaction), and a fixed €5 fee.

Key Features of WhiteBIT’s Institutional Services

WhiteBIT responds to market needs for safe asset management. The firm pairs this with efficient trading solutions along with institutional market accessibility. Some of the innovative services introduced include:

: WhiteBIT offers deep liquidity pools spanning more than 740 trading pairs through its crypto converter system and broadened trading functions.

: The service generates wallet addresses for more than 330 cryptocurrencies that operate on over 80 blockchain network platforms to simplify business asset management.

: Through their OTC Trading Platform, users can execute large crypto transactions through the Chat Trading interface for private and efficient trading operations

: Institutional-grade crypto custody with certified security standards, cyberattack protection, and Fireblocks integration for enhanced asset security.

WhiteBIT’s institutional services come with high-end tools and features. Some of these features include faster response time and real-time data feeds. The platform also offers more customizations. The new API suite supports algorithmic trading and high-frequency strategies.

Institutional clients obtain individual assistance through account managers. These managers work with the client to provide 24/7 support while offering quick resolutions to any problems.

WhiteBIT also collects liquidity from different sources to create more efficient spreads and achieve better execution rates. This aspect reduces large trade slippage.

With these new services, WhiteBIT establishes secure digital asset accessibility and provides institutions the power to explore the changing crypto markets with confidence.

To learn more about WhiteBIT’s institutional services, you can visit their website.