Key highlights:
- WhiteBIT Coin began trading on Kraken with WBT/EUR and WBT/USD pairs, expanding global access to the exchange’s native token.
- The token gained about 6.5% following the listing and now ranks as the 11th-largest cryptocurrency with a market cap around $10.7 billion.
- WBT powers the WhiteBIT ecosystem by offering benefits such as fee discounts, staking rewards, and participation in launchpad projects.
Kraken listing broadens access to WhiteBIT’s ecosystem token
WhiteBIT Coin, the native token of the WhiteBIT cryptocurrency exchange, is now available for trading on the Kraken platform. The listing introduces WBT trading pairs against the euro and the U.S. dollar, opening access to the asset for a wider global audience.
Following the announcement, WBT recorded a price increase of roughly 6.5%, reflecting heightened market attention surrounding the listing. The token’s market capitalization has reached approximately $10.7 billion, placing it among the top 11 cryptocurrencies according to industry tracking platforms.
WhiteBIT Coin was launched in 2022 as a utility token designed to support activity across the WhiteBIT trading ecosystem. Within the platform, WBT provides users with several functional benefits. These include discounts on trading fees that can reach up to 100%, higher referral bonuses, and fee-free daily withdrawals.
“Listing WBT on Kraken represents a logical next step in the expansion of the WhiteBIT ecosystem,” said Volodymyr Nosov, founder and president of W Group. “It reflects the momentum we’ve built through ecosystem growth, strategic partnerships, and increasing institutional visibility.”
Ecosystem expansion and partnerships support WBT growth
Recent developments across the broader WhiteBIT ecosystem have contributed to the token’s growing visibility. The company has formed partnerships with several organizations, including an agreement with Italian football club Juventus that made WhiteBIT the team’s official sleeve and cryptocurrency exchange partner.
The exchange has also pursued geographic expansion. New operational initiatives have targeted markets in South America and the United States, while collaborations in the Middle East have focused on blockchain infrastructure and central bank digital currency (CBDC) initiatives.
Another sign of growing institutional interest is WBT’s inclusion in the S&P Crypto Indices, a benchmark that tracks selected digital assets across the market. Inclusion in such indices typically reflects factors such as liquidity, trading activity, and market relevance.
WhiteBIT itself has grown into one of Europe’s largest crypto exchanges by traffic. The platform currently offers more than 900 trading pairs and supports over 350 digital assets alongside eight fiat currencies. Since its founding in 2018, the exchange has expanded to serve tens of millions of users worldwide.
The bottom line
The addition of WhiteBIT Coin to Kraken represents a step toward wider market accessibility for the token. As exchange-native assets continue to gain attention in the crypto sector, listings on major platforms can play an important role in improving liquidity and expanding the potential user base for ecosystem tokens like WBT.
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Source: https://coincodex.com/article/82666/whitebit-coin-gains-momentum-after-kraken-listing-as-token-climbs-to-top-11-by-market-cap/
