Binance and Upbit Prepare to List WLFI as Derivatives Surge 530%
Top crypto exchanges, including Binance, Upbit, and Bithumb, are set to launch WLFI, the native token of Donald Trump’s DeFi project, World Liberty Financial. Derivatives trading for WLFI surged over 530% to $3.95 billion in 24 hours ahead of the token unlock event on September 1 at 8 AM ET.
Key Points on WLFI and Trading Activity
- Open interest rose more than 60% to $931.9 million prior to the unlock.
- 20% of tokens from earlier purchase rounds will be unlocked, priced at $0.015 and $0.05.
- The unlocked tokens account for about 5% of total supply.
- Official trading begins on September 1, with restrictions for early investors.
- Binance will list WLFI on September 1, 2025, supporting WLFI/USDT and WLFI/USDC pairs.
- Bithumb confirmed WLFI/KRW pair; Upbit announced trading pairs with KRW, BTC, and USDT.
Founders Eric Trump and Donald Trump Jr. will have their tokens locked until WLFI holders vote on a release schedule. DT Marks DEFI LLC reportedly owns 38% of WLF Holdco, holding 22.5 billion WLFI tokens and collecting 75% of sale proceeds.
Launch of USD1 Stablecoin
World Liberty Financial has launched its USD1 stablecoin on Solana, pegged 1:1 to the US dollar, aimed at enhancing capital market transactions. This initiative coincides with a Coinbase listing planned for USD1.
USD1 leverages Solana's speed and scalability for DeFi applications, emphasizing efficiency and stability in digital asset trading and payments.