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WhiteBIT Expands Collateral Asset List: Over 80 Tokens Now Supported

WhiteBIT Expands Collateral Asset List: Over 80 Tokens Now Supported

CoinEdition2024/12/12 16:00
By: Abdulkarim Abdulwahab
PEPE10.00%BONK-2.33%
WhiteBIT adds 60 new collateral assets, bringing the total to over 80. New assets include popular cryptocurrencies like PEPE, BONK, and leading DeFi tokens. The expansion enhances trading opportunities for both retail and institutional users.
  • WhiteBIT adds 60 new collateral assets, bringing the total to over 80.
  • New assets include popular cryptocurrencies like PEPE, BONK, and leading DeFi tokens.
  • The expansion enhances trading opportunities for both retail and institutional users.

WhiteBIT, one of Europe’s largest cryptocurrency exchanges, is expanding its platform. The exchange announced it has added 60 new collateral assets. This brings the exchange’s total supported collateral assets to over 80; marking a remarkable fourfold increase in just a few months.

Among the newly added assets are some of the most popular and highly sought-after cryptocurrencies. These include the trending meme coins PEPE, BONK, NOT, and BOME. The new assets also feature leading DeFi utility tokens such as SUI, DAI, APT, AAVE, Toncoin (TON), MRK, and Starknet (STRK), among others.

New Trading Opportunities for Retail and Institutional Users

These tokens are now collateral for borrowing, margin trading, and futures trading. This gives both retail and institutional traders new opportunities to manage risks and use advanced trading strategies.

This move puts WhiteBIT with the industry’s leading exchanges. The exchange says this shows its commitment to meeting the needs of its 5.5 million users.

With a focus on innovation and growth, WhiteBIT wants to offer an accessible, unified trading experience that has spot, margin, and futures trading, all in one system.

Key Benefits for Traders:

  • Over 80 Collateral Assets: WhiteBIT now offers a broad range of collateral options, giving traders flexibility and more strategy choices.
  • Wide Accessibility: The newly added collateral assets enhance the trading possibilities of traders of all experience levels and account sizes.
  • User-Friendly Interface: WhiteBIT’s platform and tools make cryptocurrency trading easy for beginners and seasoned professionals.

Competing With Global Leaders in the Crypto Exchange Market

WhiteBIT says it will keep expanding its offerings to stay a major player in the global cryptocurrency market.

This expansion puts WhiteBIT among top-tier exchanges, letting it compete with global leaders. With an annual trading volume of $2.3 trillion, over 600 trading pairs, and support for nine national currencies, WhiteBIT continues to push the boundaries of blockchain adoption.

Driving Blockchain Adoption Through Community Engagement

WhiteBIT’s influence extends beyond the trading floor. The exchange is committed to community engagement through partnerships with big organizations like the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT, and more.

As a key player in the WhiteBIT Group, the platform serves over 30 million clients worldwide, driving the widespread adoption of blockchain technology. 

WhiteBIT’s update highlights its dedication to growth and adapting. It meets the needs of modern traders while advancing the future of crypto trading. With its growing global client base, WhiteBIT continues to lead in the cryptocurrency space.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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