The Crypto GuideStart learning
Menu
Prices: CoinGecko

WhiteBIT Coin

WBT · Field entry
Exchange tokenExchange tokens

Utility token of the European WhiteBIT exchange and gas token of its Whitechain network

$86.031.94%Snapshot · October 4, 2026 · updates live
Market cap
$10.22B
24h volume
$53.90M
Rank
#15
Circulating
118.82M WBT
Max supply
400.00M WBT
All-time high
$87.91 September 21, 2026

WBT price chart

7-day snapshot. Chart data from CoinGecko.

What is WhiteBIT Coin?

WhiteBIT Coin (WBT) is the in-house token of WhiteBIT, a large crypto exchange founded in Ukraine and focused on Europe. Holding WBT lowers trading fees and unlocks rewards on the exchange, and it pays gas on Whitechain, the company's blockchain. Its value depends heavily on WhiteBIT's business.

Utility Lens

What WhiteBIT Coin actually does

WBT gives WhiteBIT customers tiered fee discounts and rewards, and it is the gas token of the company's Whitechain network.

Real-world usage
earlyWBT has real perks inside WhiteBIT, but use outside the exchange and its own chain is limited.
Token necessity
optionalYou can trade on WhiteBIT without WBT; it mainly reduces fees and pays gas on a company-run chain.
Decentralization
centralizedWhiteBIT controls issuance, burns, perks and the Whitechain network.
Track record
provenWBT launched in August 2022 on an exchange operating since 2018, and we found no major WBT-specific hack in our review.

How we rate

What it’s used for

WhiteBIT customers hold WBT to reach holding tiers that cut trading fees and add bonuses on earn and lending products. Users of Whitechain pay network fees in WBT. WhiteBIT publishes regular burns of WBT funded by exchange revenue.

Role of the WBT token:

fee discountgasbuyback burnaccess

Evidence of real use

  • WhiteBIT says the total number of WBT is limited to 400,000,000 and no further coins can be created. Source
  • WhiteBIT publishes a list of WBT burn transactions with dates, amounts and onchain transaction IDs. Source
  • WhiteBIT US, a separate entity, launched its US platform on December 1, 2025. Source

How WhiteBIT Coin works

WhiteBIT is a centralized exchange, which means the company holds customer funds and runs the order books. WBT is the reward and discount layer on top. The more WBT you hold, the higher your tier, which can lower your trading fees and boost certain earn products. These perks are set by WhiteBIT and can change at any time, so the token behaves more like a loyalty program than a share in the company.

WBT is also the native gas token of Whitechain, a blockchain built by the WhiteBIT group, so sending tokens or using apps on that network costs a small fee in WBT. Supply is capped at 400 million coins, and WhiteBIT regularly buys and burns WBT using part of its revenue, publishing each burn with an onchain transaction ID that anyone can check.

Key moments

  1. 2018WhiteBIT exchange launches.
  2. 2022WhiteBIT Coin (WBT) launches in August with a capped supply of 400 million.
  3. 2025WhiteBIT US, a separately operated company, launches a US platform on December 1.
  4. 2026WhiteBIT continues publishing regular WBT burns with onchain transaction records.

Supply

WBT has a hard cap of 400 million coins, and WhiteBIT says no more can be created. The company burns WBT on a regular schedule using a share of exchange revenue, which gradually reduces total supply. A meaningful share of supply has been held by the company and early private-sale buyers, which concentrates ownership.

Risks to understand

  • Single-company dependence: WBT's perks, burns and chain all depend on WhiteBIT staying healthy and willing to keep the program.
  • US availability is limited: the main WhiteBIT.com exchange is not the US service; WhiteBIT US is a separate platform whose coin list and state coverage you should check before assuming WBT perks apply.
  • Concentrated ownership: a large portion of supply sits with the company and early investors, so their selling or policy decisions can move the market.
  • Custodial risk: tokens kept on any exchange are exposed to that exchange's security, solvency and account-freeze decisions.

WhiteBIT Coin FAQ

Is WhiteBIT available in the US?

WhiteBIT's global exchange is not the US service. As of October 2026, US residents can use WhiteBIT US, a separate company that launched in December 2025, subject to KYC and state availability.

What does WBT actually do?

It lowers trading fees and unlocks bonuses on WhiteBIT based on how much you hold, and it pays gas on Whitechain.

Can more WBT be created?

WhiteBIT says no. Supply is capped at 400 million, and regular burns reduce it over time.

Sources

  1. All about WBT Coin — WhiteBIT
  2. WhiteBIT Coin burns and benefits — WhiteBIT
  3. WhiteBIT Expands Globally with U.S. Launch — WhiteBIT
  4. New Crypto Competitor in America: WhiteBIT Opens U.S. Platform — USA Today (contributor content)
  5. Token Spotlight: What is WhiteBIT Coin (WBT)? — Kraken

Last reviewed October 4, 2026 by The Crypto Guide editorial team. Utility Lens ratings are editorial judgments, not investment advice. Market data from CoinGecko. Spot an error? Request a correction.