WhiteBIT Coin

WhiteBIT Coin (WBT) is the native utility token of the WhiteBIT centralized cryptocurrency exchange, a major European trading platform. It is designed to tie together the exchange's trading services and its own Layer 2 blockchain, Whitechain, into a single ecosystem. The token is aimed at active traders and platform users who want reduced fees, referral rewards, and access to blockchain-based tools such as decentralized identity through the WB Soul system.

WBT exists across the Ethereum and Tron ecosystems as well as serving as the native gas token on Whitechain, meaning it is used to pay for transaction processing and smart contract execution on that network. Users who lock WBT in the platform's holding program gain tiered benefits, including trading fee discounts and free daily withdrawals. The token also follows a deflationary model whereby a portion of exchange-generated fees is periodically burned, permanently removing those tokens from circulation.

Fee revenue originates from trading activity on the WhiteBIT exchange, where a share of collected fees is used to buy back and burn WBT, reducing the circulating supply over time. As of the recorded point-in-time snapshot, 118,786,640 tokens are in circulation out of a maximum supply of 400,000,000, meaning only about 29.70 percent of the maximum supply is currently circulating and roughly 40.49 percent of the maximum has ever been issued. The fully diluted valuation is approximately 2.47 times the current market capitalization of roughly 9.73 billion US dollars, reflecting a substantial volume of tokens not yet in circulation. Twenty-four-hour turnover stood at 0.90 percent of market capitalization, and the 30-day average turnover was 1.07 percent of market capitalization.