- WhiteBIT crypto exchange adds 60 new collateral assets.
- The expansion broadens trading opportunities for both retail and institutional users.
WhiteBIT, one of the largest European cryptocurrency exchanges, announced the expansion of its collateral offerings. The move brings the total number of the exchange’s collateral assets to more than 80.
Adds Numerous Coins
WhiteBIT crypto exchange, with over $2.3 trillion in annual trading volume, has added 60 new digital assets to its collateral offerings.
Sponsored
The move represents a fourfold increase in a short period, allowing traders to use a wider range of cryptocurrencies as collateral for their trades or margin positions.
The newly added assets include some of the most sought-after cryptocurrencies, such as trending meme tokens PEPE, BONK, NOT, and BOME.
The expansion also features leading DeFi utility tokens, including SUI, DAI, APT, AAVE, TON, MRK, and Starknet (STRK), reflecting a diverse mix of emerging and established digital assets.
“These assets can now be used as collateral for borrowing, margin trading, and futures trading, providing traders with more opportunities to implement advanced strategies and manage risks effectively,” the company said in a press release shared with DailyCoin.
Opportunities For Retail and Institutions
According to the official announcement, the expansion is designed to offer both retail and institutional traders greater flexibility and more options for managing strategies across various markets.
The exchange already offers a unified trading platform that integrates spot, margin, and futures trading into a single system, accessible to all users by default.
The latest move reflects WhiteBIT’s ongoing focus on growth and innovation to meet the evolving needs of today’s traders. The exchange already serves its nearly 5.5 million users and generates over $2.3 trillion in annual trading volume.
On The Flipside
- The expanded collateral options could add complexity for less experienced traders, making it harder to navigate a broader range of assets.
Why This Matters
WhiteBIT’s expansion of collateral options increases flexibility for traders, supporting more advanced strategies. By targeting both retail and institutional users, the platform seeks to attract a broader audience and potentially boost trading volume and participation.
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