Binance has become the first centralized exchange to list the Trump-linked World Liberty Financial (WLFI) token. Effective Monday afternoon UTC time, WLFI can be traded in spot pairs against USDT and USDC on the platform. This marks a significant shift for the token, which was previously restricted to a non-transferable presale phase due to compliance regulations.
Deposits for WLFI are currently live, with withdrawals scheduled to begin on Tuesday. To trade WLFI, users must complete quizzes that acknowledge heightened volatility and risk disclosures. The token will launch on three blockchains simultaneously: Ethereum, Binance Smart Chain, and Solana.
The exchange will apply a “seed tag” designation to WLFI, indicating an innovative but high-risk token. Eric Trump and an exchange founder recently spoke at BTC Asia in Hong Kong, highlighting the significance of this listing. This move provides WLFI with its first spot market, transitioning it from a non-transferable token to full tradability.
Binance lists Trump-linked WLFI token
The token’s futures launched last week on the Hyperliquid decentralized exchange, initially driving its implied valuation down to $24 billion from $44 billion within hours. This noteworthy development positions a major exchange at the forefront of the Trump-family-linked decentralized finance project, marking a new chapter for WLFI and its market presence.
World Liberty Financial (WLFI) is set to unlock 27 billion WLFI tokens at launch, according to a leading cryptocurrency data provider. This initial circulating supply comprises more than a quarter of its total supply of 100 billion tokens. Rush Lu, CEO of the data provider, stated that the circulating supply figure has been “repeatedly confirmed” with the WLFI team and will be adopted by major exchanges listing the token.
The WLFI team has introduced a vesting lockbox where users can move their tokens to begin the unlock process. The token unlock agreement stipulates that 20% of tokens purchased in the $0.015 and $0.05 sales rounds will be released immediately as a reward for initial backers, while the remaining 80% will be subject to the project’s governance process. The agreement also indicates that the unlocking conditions may be altered based on subsequent governance decisions, highlighting the governance-first approach and the significant role of community members in shaping WLFI’s tokenomics.
Ahead of this partial token unlock, an open interest in derivative contracts for the WLFI token soared to near $1 billion before cooling to $887 million on Monday, reflecting strong interest in WLFI before it becomes tradable across crypto markets.
