WhiteBIT's native token, WBT, is trading near $47–$50, consolidating after a multi-week pullback from its all-time high of $65.30 reached in November 2025. The token has experienced a meteoric rise of approximately 3,337% from its launch price of around $1.90 in August 2022.
WBT currently holds a market capitalization above $10.5 billion, ranking it among the top 15 cryptocurrencies globally. Its circulating supply is approximately 213–214 million tokens out of a maximum capped supply of 400 million.
The token's utility is deeply integrated into the WhiteBIT exchange ecosystem. Holders benefit from substantial trading fee discounts (up to 90% off taker fees and 100% off maker fees), free daily withdrawals, staking rewards, VIP status, and boosted referral rates. A key deflationary mechanism is the exchange's weekly token burn, which progressively reduces the circulating supply.
Institutional recognition has been a significant driver, with WBT being added to five S&P Crypto indices. The exchange's parent, W Group, reported a total capitalization of $38.9 billion in 2025, serving 35 million customers globally.
Strategic partnerships have bolstered WBT's profile. In 2025, WhiteBIT became the sleeve partner and official cryptocurrency exchange partner of Juventus FC. The exchange has also expanded geographically, launching WhiteBIT US as an independent entity and entering a cooperation agreement with Saudi Arabia focused on blockchain infrastructure and CBDC development.
Looking ahead, the bull case for WBT hinges on continued exchange growth, geographic expansion, and the deflationary tokenomics. The bear case notes that exchange tokens are tied to platform performance and face potential headwinds from regulation, competition, or broader market downturns. As of early 2026, 99.52% of WBT's circulating supply is held at a profit, indicating potential for profit-taking during market weakness.
