WhiteBIT sets new security standards for the cryptocurrency industry by becoming the first exchange to receive CCSS Level 3 certification.
WhiteBIT has become the first cryptocurrency exchange to receive a Level 3 certification under the Cryptocurrency Security Standard (CCSS), as reported by recent news. The company was the first to apply for the certification and is now the first to receive it, thereby establishing a standard in the industry for security and compliance. Additionally, it is widely recognized that the level three certification is only granted after the exchanges have been verified to uphold the highest security standards.
A test that entailed months of infrastructure inspections, including disaster recovery and wallet, is responsible for completing level three. Consequently, Whitebit has solidified its status as a reputable exchange by establishing a pro-competitive cryptographic industry standard that would rapidly achieve widespread consumer adoption.
WhiteBIT has achieved the highest crypto security certification
WhiteBIT’s Level 3 certification under the CCSS distinguishes it as a pioneer in cryptocurrency security. The industry indicator is the high-level certification, which corresponds to stringent standards. Intricate disaster recovery systems and multi-signature wallets are examples of such requirements. The majority of organizations need help to acquire the certificate. The certification was granted by C4 following the completion of a 2.5-month audit with Hacken by WhiteBIT. The audit encompassed nearly all aspects, including cold and hot wallets.
The staff was interviewed, and a review of artifacts, including data sanitization policies and penetration testing reports, was conducted. The Integrating Risk Management report confirmed the exchange’s compliance with all Bravo CCSS Level 3 requirements, which was over 97 pages long. Consequently, it was the first cryptocurrency exchange to achieve this level of security. Volodymyr Nosov, the Chief Executive Officer (CEO), stated that:
In an industry where trust must be earned every day, we have embraced rigorous security protocols that set new benchmarks for excellence. Our goal isn’t just to drive innovation but to ensure that these advancements are built on a secure foundation. The CCSS certification underscores our dedication to providing a safer experience for our global user base of over 5,5 million.
This achievement expands upon WhiteBIT’s previous milestone of obtaining the highest PCI DSS certification. This certification guarantees the security and confidentiality of payment data. These accomplishments collectively solidify its reputation as a user-centric and secure platform. Additionally, they bolster its credibility in the cryptocurrency market.
WBT’s Market Performance and Growing Ecosystem
WhiteBit is the fifth most popular exchange in Europe in terms of volume. It conducts over 24 hours of trading worth $12.6 billion, representing a 113.82% increase, with 515 trading pairs and more than 290 coins. With a daily volume exceeding $2.1 billion, BTC/USDT is one of the most frequently traded pairs.
Futures contracts are traded in a lively manner on the exchange. It trades approximately $36 billion worth of contracts daily. Furthermore, it maintains $7.8 billion in open interest. These figures underscore the continuous growth and penetration of the cryptocurrency sphere. This trend is further bolstered by the growing number of users who have confidence in its services.
The WhiteBIT (WBT) price is currently $24.96, and the company’s market capitalization has surpassed $2.16 billion. Over a month, the token has experienced a 25% increase, with a weekly gain of 7%. This clearly indicates the high level of confidence that investors have in the token.
WhiteBIT boasts robust security features and a broadly distributed trading ecosystem. Additionally, it implemented a Bull Run application to incentivize users earlier this year. Additionally, the organization intends to enter the United States market. These factors are assisting WhiteBIT in solidifying its status as a global unicorn in the crypto sector.
