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Market News

WhiteBIT Expands Collateral Offering, Adds 60+ New Assets

Written By Jahnu Jagtap
Published December 13, 2024 6:45 PM·Updated 2 years ago
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WhiteBIT, one of Europe’s largest cryptocurrency exchanges, has announced a significant expansion of its collateral offering, adding 60 new assets. This expansion brings WhiteBIT’s supported assets to over 80, quadrupling the number in a matter of months.

Among the newly added coins are some of the most popular and in-demand assets: PEPE, BONK, SUI, DAI, NOT, BOME, APT, AAVE, TON, MRK, STRK—just to name a few. 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.

This strategic move positions WhiteBIT on equal footing with the market’s leading exchanges and aligns with the platform’s commitment to meeting the diverse needs of its growing 5.5 million user base, including retail and institutional traders.

This expansion empowers traders with greater flexibility to tailor their strategies to specific market conditions and risk tolerances. By leveraging a diverse set of assets as collateral, traders can access a wider range of trading opportunities.

All traders, regardless of experience or account size, have access to the collateral assets on WhiteBIT.

Additionally, the ability to utilize multiple assets as collateral provides traders with greater control over their risk exposure.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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