WhiteBIT Coin
WBT#3992WBT is the coin of the WhiteBIT exchange, giving trading discounts and paying fees on its Whitechain network.
- Market cap
- —
- Volume 24h
- $52.47M
- All-time high
- $87.91
- −4.88% from ATH
- Circulating supply
- 118.85M of 400M
Does not clear all 8 Shariah criteria. Needs caution: interest (riba), nature of the asset, gambling (maysir), business model, and excessive uncertainty (gharar).
- 3 pass
- 5 caution
- 0 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold WhiteBIT Coin?8 Shariah criteria
3 pass · 5 caution · 0 failOwning WBT pays no interest, but its main reward scheme, locking WBT on the exchange, pays a fixed-rate SoulDrop reward and raises interest rates on WhiteBIT's USDT lending.
Riba means interest or any fixed increase on a loan. WBT kept in a personal wallet pays nothing, and the white paper gives holders no share of WhiteBIT's profits. But WBT's utility is built around WhiteBIT's Holding programme, where holders lock WBT on the exchange. According to the 2024 white paper, Holding with a WB Soul earns SoulDrop rewards set as a fixed percentage per 30-day period that compounds, about 17–22% a year, paid from a WhiteBIT marketing fund and Whitechain fees; that looks more like a guaranteed return than payment for network work, and no current rate is published.
Holding also adds up to 7.74% to the interest WhiteBIT pays on USDT Crypto Lending plans, an interest-based product. Because the main yield linked to WBT is of unclear nature and partly tied to lending, this criterion is caution rather than pass; it is not fail, because holders can use WBT without taking any of these rewards.
WBT has real exchange utility and pays gas on Whitechain, but that network is small and run by WhiteBIT, and authorities disagree whether crypto tokens are property (mal).
WBT gives fee discounts, free withdrawals, higher referral rates and Launchpad access on WhiteBIT, and it pays transaction fees on Whitechain, WhiteBIT's own blockchain. That is real utility, not an empty record. Its value, however, depends almost entirely on one company: the exchange defines the benefits and can change them after 30 days' notice, and Whitechain is maintained by a single authorised validator, with about 53 million WBT on-chain.
On whether such tokens are property (mal), Malaysia's Securities Commission Shariah Advisory Council treats a digital currency without an underlying asset as a tradable good, while Darul Uloom Karachi (2026) holds that crypto tokens are not mal, Indonesia's MUI holds crypto is not valid to trade as a commodity without an underlying, and state fatwa bodies in Egypt, Turkey and the UAE have rejected cryptocurrency in general. This disagreement keeps the criterion at caution.
WBT has a real function, but its issuer's business is dominated by leveraged derivatives, and WBT itself trades as a perpetual future.
Maysir means gambling, or gains that depend mainly on chance; ordinary price swings are not maysir. WBT is not a meme or betting token: it gives exchange benefits and pays gas. The activity around it is heavily speculative, though. On 27 September 2026 CoinGecko showed roughly 9 times more volume on WhiteBIT Futures than on WhiteBIT spot, WhiteBIT offers perpetual futures with leverage of up to 100x, and a WBT-PERP contract lists WBT itself. WBT's own spot market on WhiteBIT traded about 10.5 million USDT in a day, small next to its roughly $10 billion market value.
Because a real function exists, this is caution, not fail.
WhiteBIT earns from futures, margin trading and interest-based lending as well as spot fees, but it publishes no revenue split, so the 5% and 20% limits cannot be tested.
For exchange tokens, the test looks at the income of the exchange behind them: 5% or more from clearly impermissible sources such as interest, or 20% or more from disputed ones such as leveraged trading fees, is fail. WhiteBIT runs perpetual futures with up to 100x leverage, margin trading, Crypto Borrow, and Crypto Lending, where it pays users interest on deposited assets; its 2024 white paper even sets aside 7.5% of its WBT funds for Crypto Lending liquidity.
CoinGecko data show roughly 9 times more derivatives than spot volume on WhiteBIT, which suggests futures are a large part of its fee income, but WhiteBIT publishes no revenue figures or split, and its interest income from margin and lending is unknown. The WBT burn is funded by 33% of trading fees and 5% of other income, which WhiteBIT says includes margin-trading income, so part of the buyback is paid from interest-type revenue. Because the revenue mix is unknown, this is rated caution, not fail; the score sits at the bottom of the band because the evidence points to a large disputed and interest-based share.
Supply and burns are published, but WhiteBIT controls minting on Whitechain, runs its only validator, and holds a large share of supply whose size sources report differently.
Gharar means excessive uncertainty or hidden terms. Some things are clear: the maximum supply is 400 million, about 106.6 million WBT have been burned, all scheduled unlocks ended in March 2026, and burns are listed on WhiteBIT's site. Control, however, is concentrated in the issuer. Native WBT on Whitechain is minted by WhiteBIT through a manual process, against burns on Ethereum or Tron that WhiteBIT itself verifies, and Whitechain has a single authorised validator.
CoinGecko counts only about 118.9 million of the 293.4 million existing WBT as circulating, which implies about 60% sits with WhiteBIT's funds, while Kraken put circulating supply at about 214 million in early 2026; the MiCA white paper says WhiteBIT will not retain any WBT even though its funds hold coins. WhiteBIT may also change the burn and holder benefits at its discretion, and no independent reserve audit was found. This is caution rather than fail because mints are tied to disclosed burns and shown publicly.
WBT is mainly used for exchange fee discounts and benefits and as gas on Whitechain; disputed uses exist, but no data show they form a notable share.
WBT's main uses are permissible in themselves: lower trading fees, free withdrawals and AML checks, referral rewards and Launchpad access on WhiteBIT, and paying gas on Whitechain. Some uses are disputed: Holding WBT raises interest on USDT Crypto Lending and gives a futures funding discount, and WBT itself trades as a perpetual future. No primary or reputable source measures how much WBT is held for these purposes. The status is therefore a low pass, and the missing data are recorded as a gap.
WBT can be bought spot with full payment on WhiteBIT and Kraken and withdrawn to a personal wallet on three networks.
This criterion only asks whether the asset can be owned in a permissible form. WBT is a coin that can be bought on spot markets, paid in full and withdrawn to self-custody as an ERC-20 token on Ethereum, a TRC-20 token on Tron, or the native coin of Whitechain. It trades mainly on WhiteBIT, where liquidity is deepest, and Kraken listed it in March 2026. No exchange-traded fund holding WBT was found. The score is lower than for widely traded coins because liquidity is concentrated on the issuer's own exchange.
WBT supports a regulated, compliance-focused exchange ecosystem; no record of sanctions or money-laundering violations by WhiteBIT was found.
Maslahah means weighing real benefit against real harm. On the benefit side, WBT lowers costs for users of a large exchange that holds a MiCA licence in the EU, screens users against EU, UN, US and UK sanctions lists, and runs a low-fee network. No enforcement action for money laundering or sanctions breaches against WhiteBIT was found. Russia's January 2026 designation of WhiteBIT as an 'undesirable organisation' was over its support for Ukraine, not over fraud or abuse.
The main harm, a business built largely on leveraged trading, is already weighed under gambling and the business model, so here benefit is judged to outweigh harm, with a low pass.
How you can use it
Tap a card for the ruling and sourcesSpot WBT with full, immediate payment is available on WhiteBIT and Kraken and can be withdrawn to a personal wallet on Ethereum, Tron or Whitechain. Spot is rated acceptable for a DOUBTFUL asset; the doubts concern the asset and its issuer, not the spot method.
No exchange-traded fund or physically backed product holding WBT was found, so this route is not available.
WBT pays gas on Whitechain; no data on its use for everyday payments were found. Tier-1 bodies such as MUI (Indonesia, 2021) prohibit crypto as a means of payment, so this use is caution.
WBT has no validator staking: Whitechain's validators are chosen by the maintainers and earn no rewards. What Whitechain calls staking is locking WBT in WhiteBIT's Holding programme for SoulDrop rewards, which the 2024 white paper sets as a fixed, compounding percentage funded by a marketing fund and network fees, not payment for validation work; its current rate is not published. ShariaQuant rates it acceptable when optional, but under our rule an unclear structure resembling a fixed return is caution.
Always fail: borrowing with leverage and deferred exchange without delivery (AAOIFI SS 20). WhiteBIT offers margin trading and Crypto Borrow.
Always fail: futures, perpetuals and options are deferred exchange without delivery, with leverage (AAOIFI SS 20). WhiteBIT lists a WBT-PERP perpetual with leverage of up to 100x on its futures platform.
Lending for a return is riba: WhiteBIT's Crypto Lending pays an annual percentage rate on assets lent to WhiteBIT, and Holding WBT raises that rate on USDT plans by up to 7.74%.
The Crypto Lending bonus for WBT holders is interest on lent USDT, so it fails. SoulDrop rewards on held WBT were set in 2024 as a fixed, compounding percentage, a guaranteed-type return that the yield rule also fails; if current terms differ, they would need a new check. Fee discounts and other Holding benefits are service discounts, not yield.
Scholars quotes
Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.The exact proportion of this impure revenue is unknown, rendering the holding Doubtful.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itThe meeting concluded that exchange tokens are compliant with Shariah principles, meaning they do not inherently pose any Shariah issues.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
3 exchanges from our coverage · no referral links
KrakenCentralized · WBT/USDVolume 24h$111.28KReliability7.4Halal productNo halal product
WhiteBITCentralized · WBT/USDTVolume 24h$87.12MReliability5.7Halal productNo halal product
MEXCCentralized · WBT/USDTVolume 24h$68.11KReliability4.7Halal productNo halal product
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Listings as of Sep 18, 2026
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