WhiteBIT's native cryptocurrency, WBT, has been added to the prestigious S&P Dow Jones crypto indices. This inclusion signifies that the token has met the institutional standards set by the US stock and crypto market tracker, placing it alongside established exchanges like Coinbase and Robinhood.
In an announcement made on X, WhiteBIT CEO Volodymyr Nosov revealed on Wednesday that WBT is now featured in five S&P Dow Jones benchmark families. These indices are utilized by global investors to monitor the performance of the digital asset market.
According to Nosov, WBT has been incorporated into the S&P Cryptocurrency Broad Digital Asset Index, the Cryptocurrency Financials Index, the Cryptocurrency LargeCap Ex-MegaCap Index, and the Cryptocurrency LargeCap Index.
“Our token has been officially included in five S&P Dow Jones crypto indices, one of the most respected index providers in global finance, recognizing WBT as an asset that meets their standards of quality, liquidity, transparency, and market depth,” Nosov stated.
WhiteBIT Exchange Meets S&P Index Requirements
The S&P BDM Index, known as one of the provider's most referenced benchmarks, tracks leading digital assets with a well-defined market structure. Its methodology closely mirrors the approach used for the equity index, S&P 500.
Nosov described the index additions as a significant milestone for WhiteBIT and its broader ecosystem. This development follows the exchange's introduction to the US market at the beginning of December.
“Being recognized by S&P DJI signals that crypto infrastructure from our region has reached global institutional standards. This is a turning point not only for our company but also for the evolution of compliant crypto services worldwide,” he told Cryptopolitan.
The decision by S&P DJI coincides with a period of stable performance for WBT. The token reached a record high of $65.30 on November 18, demonstrating a robust performance despite a broader crypto winter that has affected the prices of most altcoins.
As of this reporting, WBT is trading below its all-time high at $62.14, according to CoinMarketCap updates. However, it remains above both short-term and medium-term moving averages. The token's seven-day simple moving average (SMA) stands at $58.96, while the 30-day SMA is at $55.89, both serving as psychological support levels for the exchange's native coin.
If the S&P DJI inclusion is contributing to the 0.55% price increase observed in the past 24 hours, some short-term traders might consider taking profits as the asset approaches resistance near $61.77. Nevertheless, the coin has seen a gain of over 41% in the last sixty days, following a decisive move that propelled it to $65.3, its November swing high.
WhiteBIT Expands Operations to the US and Latin America
Earlier this week, Cryptopolitan reported that WhiteBIT launched its operations in the US after obtaining the necessary licenses. CEO Nosov indicated that the exchange aims to cover all 50 states and is establishing its regional headquarters in New York.
In early November, WhiteBIT extended its business-to-business and business-to-consumer services across Argentina and Brazil. The exchange was drawn to Argentina by its pro-crypto policies and the use of stablecoins as a hedge against high inflation rates, promising to enhance access to digital assets for individuals and companies.
In Brazil, WhiteBIT established a dedicated branch in anticipation of a formal launch once the country's upcoming VASP regulatory framework takes effect later this year. Chainalysis recognizes Brazil as a leading jurisdiction in Latin America for digital asset transactions and enterprise-level blockchain adoption.
Latin America is one of the most dynamic regions in the world when it comes to crypto adoption. Securing our license in Argentina and preparing our launch in Brazil are key milestones in our mission to drive the global adoption of cryptocurrencies by offering reliable, transparent, and innovative digital assets solutions for users.
WhiteBIT CEO Volodymyr Nosov.
In addition to expanding its presence in the West, WhiteBIT is celebrating its seventh year of operation in 2025 under the W Group umbrella, boasting over 35 million users worldwide.
W Group is currently running a global crypto education campaign designed to help new investors understand and trust digital currencies. This initiative includes educational videos that will be displayed on screens in Times Square during its United States market debut week.