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New dimensions: WBT is now in the largest institutional Bitfinex family

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After the successful WhiteBIT Token listings on Huobi, Gate, and MEXC, on Friday, the 26th of May, the company representatives pleased the community with the announcement of the upcoming listing without naming the exchange. Today, WhiteBIT and Bitfinex released joint publications with details of the start of trading, which will take place on the 1st of June.

We remind you that WhiteBIT recently launched a test network of its blockchain. This is an essential step before launching the main network, which allows the exchange to improve its product and provide reliability, speed, and low fees to users in a secure environment. After the successful launch of the testnet, users eagerly await the launch of the mainnet.

WhiteBIT Token (WBT) is a native exchange token. WBT provides many benefits to users, such as up to 100% trading fee discount, daily free AML checks, fee-free ETH and ERC20 tokens withdrawals, a bonus increase for the referral rate to up to 50%, and much more. WBT is among the top 100 cryptocurrencies by CoinGecko. When writing this press release, the market capitalization of WBT is $282 660 373. The asset itself occupies the 71st place in the rating.

Bitfinex is one of the oldest cryptocurrency exchanges, among the three largest by capital. The exchange targets professional traders and experienced investors, allowing platform users to engage in margin lending, margin financing, pairs trading, over-the-counter (OTC) trading, and many others. In addition, this platform created the most liquid stablecoin, Tether, with a market capitalization of $82.9B.

Hence, WhiteBIT Token will now be available to the most prominent investors in the crypto community.

Listing schedule

  • The 30th of May at noon (UTC) — deposits opening;
  • The 1st of June at 10:00 (UTC) — the start of trading;
  • The 2nd of June at 10:00 (UTC) — withdrawals opening. 

Trading pairs: WBT/USDT, WBT/USD

Token standard: ERC-20

WhiteBIT is one of the largest European centralized crypto exchanges originating from Ukraine. WhiteBIT was founded back in 2018. Currently, the company encompasses 1000 specialists. More than 350 trading pairs, 270 assets, and 10 state currencies are represented on the exchange. The highest average daily trading volume is more than $2.5 billion.

WhiteBIT is the official crypto exchange partner of the Barcelona football club. Cooperation involves media presence during matches of the main teams, joint projects, and much more. The company also concluded a general partnership contract with the Turkish football club Trabzonspor. At the end of 2022, WhiteBIT partnered with DreamHack in Valencia, the largest in the world network of digital entertainment and gaming festivals. In addition, the company is a partner of the leading competitive platform for multiplayer online games, FACEIT.

Disclaimer: This is a paid post and should not be treated as news/advice.  

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With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.
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