WhiteBIT Coin

WBT is the coin of the WhiteBIT exchange, giving trading discounts and paying fees on its Whitechain network.

WhiteBIT Coin (WBT) was created by WhiteBIT, a crypto exchange founded in Ukraine in 2018 and now part of W Group, led by founder Volodymyr Nosov. The token first appeared on 5 August 2022 as an Ethereum (ERC-20) token, after a private sale, and was later also issued on Tron. In August 2023 WhiteBIT launched its own blockchain, Whitechain, where WBT is the native coin used to pay transaction fees.

WBT has a maximum supply of 400 million coins, and no new coins are to be created. WhiteBIT regularly buys WBT back and burns it (destroys it permanently), using an amount equal to 33% of its trading fees and 5% of its other income, until at least half of all coins are gone. By 27 September 2026 about 106.6 million WBT had been burned or sent to a burn address, leaving about 293.4 million. A large part of the remaining supply is held in funds that WhiteBIT manages for liquidity, lending, the ecosystem and its treasury.

Most of WBT's use is on the exchange. Keeping WBT on a WhiteBIT account cuts trading fees, and locking it in WhiteBIT's Holding programme adds free withdrawals, higher referral rewards, access to token launches and extra rewards, including a higher interest rate on WhiteBIT's USDT lending plans. On Whitechain, WBT pays for transactions and smart contracts, and holders with a verified on-chain identity (WB Soul) receive a reward programme called SoulDrop.

WBT is closely controlled by WhiteBIT: the exchange mints native WBT on Whitechain, runs the network's only validator, sets the holder benefits and decides the burns. In July 2026 Whitechain announced a move to an Ethereum Layer 2 built on the OP Stack, planned for autumn 2026, with WBT remaining its fee token. In June 2026 WhiteBIT's EU arm received a MiCA licence in Austria.