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Wrapped Bitcoin
WBTC

$63,137.67
Market Cap
-0.59% $9,508,127,951
Fully diluted market cap
$9,508,127,951
Circulating supply
150,593 WBTC
Total supply
150,593 WBTC
Max. supply
-
Volume 24h
+11.51% $160,586,536
Volume/Market cap (24h)
+1.69%

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Socials

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

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Wrapped Bitcoin
WBTC

$63,137.67
1D
7D
1M
3M
1Y
ALL
Market Cap
-0.59% $9,508,127,951
Fully diluted market cap
$9,508,127,951
Circulating supply
150,593 WBTC
Total supply
150,593 WBTC
Max. supply
-
Volume 24h
+11.51% $160,586,536
Volume/Market cap (24h)
+1.69%

WBTC Price Calculator

WBTC
USD
1 WBTC equals $63,137.67 United States Dollar
Last updated 2024/10/07 20:00:03 (UTC)

Official Links

Socials

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

WBTC Market

WBTC Market Stats

24h Low & High
Lowest Price
$62,291.36
Highest Price
$63,880.85
All Time High
$73,505.73
Price Change(1h)
+0.65%
Price Change(24h)
+0.97%
Price Change(7d)
-0.42%

WBTC Price Live Data

The live price of Wrapped Bitcoin is $63,137.67 per (WBTC/USD) today with 24-hour trading volume is $160.58M USD. WBTC to USD price is updated in real-time. Wrapped Bitcoin is +0.97% in the last 24 hours.

WBTC Price Performance

24DAYS
$612.31
+0.98%
30DAYS
$8,774.90
+16.14%
90DAYS
$5,296.14
+9.16%
1YEAR
$35,225.87
+126.20%

About Wrapped Bitcoin (WBTC)



Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.

WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.

WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.

Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019.

## How Are Wrapped Bitcoin Created?

The creation of Wrapped Bitcoin brings the world's leading cryptocurrency Bitcoin into the world of Ethereum's DeFi ecosystem. The WBTC token adheres to the ERC-20 token standard, with tokens created for those who want to convert BTC into WBTC.

All to-be-converted BTC is held by a custodian, who takes part in the actual minting and burning of Ethereum-based tokens. When WBTCs are burned, the user can reclaim their BTC balance from the custodian. During mining, users send BTC to the custodian for storage and receive an equivalent in WBTC tokens. BitGo is the biggest custodian for Wrapped Bitcoin, and they will mine a certain number of WBTC and send them to the merchant's Ethereum address.

The user who wants to swap between wBTC and BTC performs a trade — through a centralized exchange or atomic swap on a decentralized exchange — to move funds to the merchant. Once finalized, the user can use their BTC/wBTC as they see fit. If WBTC is converted to BTC, the associated Wrapped Bitcoin balance will be destroyed through a burn transaction.

The WBTC DAO consists of governing members who decide on significant upgrades and changes to the protocol. Additionally, these members can serve as merchants or custodians managing BTC assets.


## What Can You Do With WBTC?

As Wrapped Bitcoin tokens adhere to the ERC-20 token standard, one can use them across the broader Ethereum ecosystem. That includes trading them on decentralized exchanges — like Uniswap, 1Inch, Sushiswap — and exploring decentralized finance opportunities through protocols and platforms supporting WBTC.

DeFi opportunities for WBTC range from lending and borrowing to yield farming, token swapping and liquidity pools. Various protocols and platforms support Wrapped Bitcoin, including Aave, Balancer, Compound, MakerDAO. Some of these providers may issue platform-native governance tokens as an extra incentive.

Using WBTC as colateral for a crypto-backed loan can be a significant option for businesses. Additionally WBTC holders can earn interest from supplying liquidity, although the APY will be relatively low.

Another option for WBTC is to engage in margin trading, where Wrapped Bitcoin is used to margin trade Ethereum, stablecoins and other ERC-20 tokens. Users deploy WBTC to enhance fund security while trading. That process is fully non-custodial and powered by smart contract technology.

Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019.

WBTC To Local Currency

Last updated 2024/10/07 00:00:02 (UTC)

How To Buy Wrapped Bitcoin

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Wrapped Bitcoin and help you discover other cryptocurrencies similar to Wrapped Bitcoin.

How to buy?

FAQ

Q
What is the current price of Wrapped Bitcoin?
A
We update our Wrapped Bitcoin to USD price in real-time. Get the live Price of Wrapped Bitcoin on CoinMapAi.
Q
What is the 24 hour trading volume of Wrapped Bitcoin?
A
Over the last 24 hours, the trading volume of Wrapped Bitcoin is $160.58M.
Q
What is the all time high of Wrapped Bitcoin?
A
The all-time high of Wrapped Bitcoin is $73.50K. This all-time high is highest price paid for Wrapped Bitcoin since it was launched.
Q
Where can I buy Wrapped Bitcoin?
A
Wrapped Bitcoin can be purchased on multiple centralized exchanges. Please check our buying guide: buy Wrapped Bitcoin guide.
Cryptocurrency investment activities, including actions done to buy Wrapped Bitcoin online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Wrapped Bitcoin instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Wrapped Bitcoin purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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