Binance is set to make waves by listing World Liberty Financial (WLFI), a decentralized finance project linked to the Trump family. Trading starts Monday afternoon UTC, according to their announcement.
Deposits for WLFI are already live, and withdrawals will begin Tuesday. Binance is marking it with a “seed tag,” a cautionary label for high-risk tokens.
Previously, WLFI tokens couldn’t be transferred. This restriction was in place to keep presale tokens from being traded freely. Now, with Binance’s listing, WLFI tokens are ready for market movement on a centralized exchange for the first time.
After Binance’s announcement, South Korea’s Upbit exchange also decided to list WLFI. To trade WLFI on Binance, users must complete quizzes that highlight potential risks associated with such volatile tokens. Interestingly, WLFI will launch on three blockchains: Ethereum, Binance Smart Chain, and Solana.
Last week, WLFI futures debuted on the Hyperliquid decentralized exchange. Traders quickly began shorting the token, causing its estimated valuation to drop from $44 billion to $24 billion within hours.
The Binance listing represents a significant shift for WLFI—from a non-tradable token to having a spot market. This change could attract more traders and speculators eager to participate in the growing DeFi space.
Experts note that this move might influence the overall crypto market, especially as it showcases how traditional finance and crypto worlds are converging. Eric Trump and Binance’s Changpeng ‘CZ’ Zhao spoke about the future of finance at a recent event in Hong Kong, illustrating the rising interest in crypto projects linked to well-known figures.
For more information on the impact of DeFi projects, you can check out CoinDesk’s latest findings on market trends.
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