Coin columns · Ethereum City (Capital)
WhiteBIT Coin (WBT): The Exchange Token of Europe’s WhiteBIT
Issued in 2022: fee perks, burns and Whitechain’s gas coin
WBT is the exchange token launched in 2022 by WhiteBIT, a European crypto exchange with roots in Ukraine. It unlocks perks on the exchange and pays fees on Whitechain, the company’s own blockchain.
1. Whose coin it is
WhiteBIT is a centralized exchange (one that holds customers’ assets for them) that started in Kharkiv, Ukraine, in 2018. It is now the core of W Group, which bundles payments, wallets and other financial services, and it runs spot and futures trading and earn products, mainly for European users.
WBT was issued in August 2022 through an initial exchange offering (IEO), first as tokens on Ethereum (ERC-20) and TRON (TRC-20). The maximum supply is fixed at 400 million, and the white paper rules out further issuance. On the Crypto Nation map, WBT stands in Ethereum City (the capital), because Ethereum is the first chain CoinGecko lists for it.
2. Perks, burns and Whitechain
Holding WBT on WhiteBIT brings trading-fee discounts, some free withdrawals, higher referral rewards and access to the launchpad, where new projects’ coins are sold early. It also ties into the exchange’s staking products and VIP tiers, so the token matters more the more someone uses the exchange.
WhiteBIT says it regularly buys back WBT with part of its fee income and burns it. Only part of the maximum supply circulates; the rest sits in company treasury allocations or is released on a schedule. On Whitechain, run by pre-approved validators (proof of authority), WBT is the native coin used to pay transaction fees.
3. Uses and milestones
WhiteBIT is counted among the larger Europe-based exchanges and also offers payments and wallet services. It has raised its profile through sponsorships and partnerships with Juventus, Ukraine’s national football team and the gaming platform FACEIT, and it promotes a partnership with Visa.
After 2022 WBT was listed on other exchanges one by one, and in March 2026 it began trading against the euro and dollar on the US exchange Kraken. The company says WBT has been included in several S&P Dow Jones crypto indices. Even so, most of its uses remain inside WhiteBIT.
4. Things to know
An exchange token depends heavily on one company’s business and reputation. A hack, regulatory trouble or management problems at the exchange affect the token too, and the company can change the perks or burn policy. Because the exchange both issues and lists the coin, interests are concentrated in one place.
A large part of the maximum supply has not yet reached the market and the company holds much of it, so future releases and how the company manages them are a constant question. Whitechain, run by a small set of approved validators, is not very decentralized. Rules on exchanges and their tokens differ by country, so availability and terms may change.
Written from information public up to October 2026. It does not recommend or rate any coin and is not investment advice. If something is wrong, please tell us through the contact page.