WhiteBIT Sets Industry Benchmark with CCSS Level 3 Certification

According to recent news, WhiteBIT has become the first cryptocurrency exchange to obtain a Level 3 certification under the Cryptocurrency Security Standard (CCSS). The company was the first to apply for the certification and is now the first to receive it, setting a benchmark in the industry for security and compliance. Furthermore, it is widely known that the level three certification is only awarded after exchanges have been verified to have the highest standards of security in place.

The completion of level three is attributed to a test that involved months of infrastructure inspections such as wallet, and disaster recovery. As a result, Whitebit has established itself as a trusted exchange by forming a pro-competitive cryptographic industry standard that would achieve mass consumer adoption in a fast manner.

WhiteBIT Achieves Highest Crypto Security Certification

WhiteBIT’s Level 3 certification under the CCSS establishes it as a trailblazer in cryptocurrency security. The high-level certification serves as an industry indicator since it adheres to strict requirements. Such requirements include multi-signature wallets and intricate disaster recovery systems. Obtaining the certificate is challenging because most companies find it extremely difficult to secure. The certification was awarded by C4 after WhiteBIT completed an audit with Hacken for 2.5 months. The audit covered nearly every aspect including cold and hot wallets.

The staff was interviewed and a review of artifacts such as data sanitization policies and penetration testing reports was undertaken. The Integrating Risk Management report, which comprised over 97 pages attested to the fact that the exchange managed to comply with all requirements of the Bravo CCSS Level 3. As a result, it became the first exchange of cryptocurrency to reach such a level of security. In his words, the Chief Executive Officer (CEO) Volodymyr Nosov said 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 builds on WhiteBIT’s earlier milestone of attaining the highest PCI DSS certification. This certification ensures payment data safety and security. Together, these accomplishments reinforce its image as a safe and user-focused platform. They also enhance its credibility in the crypto market.

WBT Growing Ecosystem and Market Performance

WhiteBit is the 5th most popular exchange in Europe by volume. With over 290 coins and 515 trading pairs, it operates over 24 hours of trading worth $12.6 billion, which is a 113.82% increase. BTC/USDT is one of the most used trading pairs with a daily volume of over $2.1 billion.

The trading of futures contracts on the exchange is quite vibrant. It has approximately $36 billion worth of contracts traded daily. Additionally, it has $7.8 billion in open interest. These figures highlight its continuous growth and penetration into the cryptocurrency sphere. The increasing number of users placing faith in its services further reinforces this trend.

WhiteBIT (WBT) price is at a rate of $24.96 with the company’s market cap having reached the $2.16 billion mark. The token has experienced a 25 percent growth over the course of a month and has a 7 percent increase weekly. This is a clear reflection of the high level of confidence investors have in the token.

WhiteBIT has a widespread trading ecosystem and strong security features. It has also launched a Bull Run app to reward users earlier this year. The company also plans to enter the US market. These factors are helping WhiteBIT consolidate its position as a global unicorn in the crypto space.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.