FreeBnk Token Launches on WhiteBIT, Expanding Its Reach

  • FreeBnk lists $FRBK token on WhiteBIT.
  • Listing improves global access for investors. 
  • FreeBnk is a hybrid bank that bridges DeFi and TradFi.

The financial world is seeing increasing integration between traditional finance (TradFi) and decentralized finance (DeFi). One of the institutions at the forefront of it is FreeBnk, a hybrid financial institution that leverages the best aspects of both industries. 

Recently, FreeBnk listed its native FRBK token on the crypto exchange WhiteBIT, making it available for trade to millions of its users. 

FreeBnk Lists FRBK Token

On Thursday, June 6, FreeBnk announced the listing of its $FRBK token on WhiteBIT, a European exchange with over 350 trading pairs. This listing aims to broaden the reach of FreeBnk’s token, making it available to millions of WhiteBIT’s users. 

The $FRBK token has a maximum supply of 500 million tokens, and according to FreeBnk CEO Yunus Emre Ozkaya, the token has managed to ensure an equitable distribution. This is key for its long-term sustainability. 

By listing on WhiteBIT, FreeBnk enables users globally to invest in its vision of a democratized financial system. The firm also hopes that the listing will help $FRBK gain more visibility and adoption, contributing to its goal of democratizing access to financial services. 

How FreeBnk Bridges TradFi and DeFi  

FreeBnk combines traditional financial systems with decentralized finance (DeFi) to create a hybrid model to better integrate fiat and crypto. The bank focuses on offering secure and user-friendly options for trading digital assets.

The platform includes features like Crypto2Stocks, which enables users to swap cryptocurrencies for stocks in real-time. It also features the FreePad launchpad for Initial Exchange Offerings (IEOs), which allows investments using either fiat or crypto. 

FreeBnk also offers omnichain transactions with zero gas fees. By absorbing gas fees, FreeBnk enhances the user experience, encouraging broader adoption of DeFi.

On the Flipside

  • Navigating financial regulations remains a significant hurdle for hybrid platforms like FreeBnk, especially as different jurisdictions take very different approaches to regulations. 
  • While FreeBnk hopes to gain customers by offering a better user experience, DeFi has struggled to attract a large user base. 

Why This Matters

By integrating tradFi and DeFi FreeBnk aims to offer more efficient, inclusive, and transparent financial services. The latest token listing enables more people to invest in that vision of the future.  

Read more about WhiteBit: 
Estonian Crypto Exchange Buys Ukrainian Eurovision Trophy for $900k

Read more about Bitcoin’s performance: 
Only 23 Tokens Outperformed Bitcoin This Year: Memecoins Lead

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Written by on 2024-06-10 16:00:00.

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