WhiteBIT Coin 

WBT Price

What is the WhiteBIT Coin (WBT) token?

WhiteBIT Coin (WBT) is the native utility token of WhiteBIT, a European centralized exchange founded in 2018. WBT holders receive tiered platform benefits, and the token doubles as the native gas asset of Whitechain, the exchange's own L1 blockchain. Supply shrinks over time through an annual burn program funded from exchange fee revenue. WBT launched on August 25, 2022 via an IEO held on WhiteBIT.

Is WBT an exchange token like BNB?

WBT belongs to the same asset class as BNB: a centralized-exchange utility token with tiered trading-fee benefits and an exchange-funded burn program. Two structural differences separate the tokens. WBT also serves as the native gas asset of Whitechain, an L1 blockchain operated by the exchange. In addition, WBT trading remains concentrated on the issuing venue, while BNB trades across a far wider set of markets.

What is WhiteBIT Coin used for?

WBT holders receive trading-fee discounts — up to a 100% maker-fee discount at top tiers — plus free daily ETH and ERC-20 withdrawals, higher referral rates, free AML checks, staking perks, and collateral eligibility for borrowing. WBT also pays gas for transactions on Whitechain, the exchange's L1 blockchain. Utility therefore spans exchange fee tiers, staking benefits, and network gas.

Does WBT have a burn mechanism?

Yes. WhiteBIT runs an annual buyback-and-burn program funded from exchange fee revenue, and burned WBT is permanently removed from supply. Recorded burns include 24,000,000 WBT on November 13, 2023 and 46,000,000 WBT on November 13, 2024. The burn program makes WBT deflationary in supply terms — total supply has fallen below the fixed 400,000,000 WBT maximum.

How many WBT tokens exist in total supply?

The maximum supply is fixed at 400,000,000 WBT. Per DropsTab data, total supply stood at 293,421,670 WBT as of September 29, 2026 — the gap versus the cap reflects tokens permanently removed through the burn program. Supply declines further with each annual burn, so the live figure moves between burn events and appears on the DropsTab token page.

What does the WBT vesting and unlock schedule mean for investors?

Per DropsTab vesting data, the schedule tracks 14 allocations and 12 unlock events since the August 25, 2022 TGE — all already passed, with the largest late release at 65,184,000 WBT (~16.3% of maximum supply) on March 13, 2026. No future unlock dates appear in the current schedule. Remaining inflation risk sits in the 80,000,000 WBT Treasury pool (20% of maximum supply), issuer-controlled and unscheduled; burn pace offsets any future releases from that pool.

Who backed the WhiteBIT Coin IEO and how much did it raise?

Per DropsTab fundraising data, the Private Round in April 2021 raised $87,480,000, selling 54,000,000 WBT at $1.62 (13.5% of maximum supply) with a 3-month cliff and 5-month linear vesting. An IEO on WhiteBIT on August 14, 2022 raised $1,000,000 at $1.00 with no lock-up. No external venture or strategic investors are disclosed — the issuer ran both sales on its own rails and remains the sole counterparty.

What are the main risks of holding WBT?

WBT's value is tied to a single issuer — the WhiteBIT exchange — so counterparty concentration is structural, not incidental. Over half of the 400,000,000 WBT maximum supply sits in issuer-controlled pools: Liquidity 80,000,000, Treasury 80,000,000, and Team 40,000,000. Price discovery also concentrates on WhiteBIT's own venue, and spot depth on third-party exchanges stays limited relative to the holder base.

Where can I buy WhiteBIT Coin?

Most WBT spot markets sit on WhiteBIT itself, which lists pairs against USDT, USD, USDC, EUR, TRY, UAH, GBP, CHF, BTC and ETH, plus several other stablecoins. Third-party spot coverage is thin: Kraken (WBT/USD, WBT/EUR), MEXC (WBT/USDT) and HitBTC (WBT/USDT). No DEX pairs and no derivatives markets exist for WBT, per DropsTab data — trading is spot-only on centralized venues.