Marketcap:
$2,057,358,460,669
Volume 24h:
$22,962,858,083
Sep 19 Liquidations:
-$38,020,469
24H Long/short:
Coming Soon
Wrapped Bitcoin
WBTC
$62,793
#12
Token
Overview
Exchanges
Markets
Wallets
$62,793
Price
12
Rank
$9,731,057,005
Marketcap
$21,977,839
Volume
$63,104
All Time High
$60,465
All Time Low
N/A
Open
N/A
Close
1H
-0.260
%
1D
5.26
%
1W
4.33
%
1M
2.82
%
2M
-6.96
%
3M
-2.24
%
6M
-6.66
%
1Y
136.54
%
Change 24h
$60,465
$63,104
All Time Low
24H
All Time High
Wrapped Bitcoin`s Return History
Weekly
Monthly
Quarterly
Winning
Years
5
Quarters
13
Losing
Years
1
Quarters
10
Q1
Q2
Q3
Q4
Avg
Total
Q1
Q2
Q3
Q4
Avg
Total
About Wrapped Bitcoin
WBTC (Wrapped Bitcoin) is a digital asset pegged to Bitcoin's value. It is an ERC-20 token that can be used on the Ethereum blockchain. The token was created by a group of companies, including BitGo, Kyber Network, and Ren, to bring Bitcoin's benefits to the Ethereum ecosystem. WBTC allows users to take advantage of Bitcoin's security and stability while using the token on the Ethereum network for decentralized applications and smart contracts. Some of the features of WBTC include the ability to be traded on various decentralized exchanges, the ability to be used as collateral for lending, and the ability to be used in decentralized finance (DeFi) applications.
WBTC is created by a process called "minting" which involves depositing Bitcoin with a custodian, and in return, the custodian issues an equivalent amount of WBTC to the depositor. The Bitcoin used to mint WBTC is then held in a multi-sig wallet, and the WBTC can be traded on the Ethereum network just like any other ERC-20 token. In order to "burn" the WBTC and redeem the underlying Bitcoin, the process is reversed, and the WBTC is sent back to the custodian in exchange for the original Bitcoin.
The main benefit of WBTC is that it allows Bitcoin holders to use their Bitcoin in the Ethereum ecosystem without having to convert it to Ethereum first. This also enables decentralized exchanges and other DeFi apps on Ethereum to offer Bitcoin trading pairs without holding any actual Bitcoin. This opens up a whole new world of possibilities for Bitcoin holders and traders, as they can now access a wide range of DeFi apps and services, such as lending, borrowing, and insurance.
WBTC is also an attractive option for Ethereum holders who want to hold Bitcoin but don't want to go through the process of setting up a separate Bitcoin wallet. They can now simply hold WBTC in their Ethereum wallet and still have exposure to the value of Bitcoin.
WBTC is fully auditable, transparent, and has a decentralized governance model. The WBTC smart contract and custodian addresses are publicly available, and anyone can verify the total supply of WBTC and the total amount of Bitcoin being held as collateral. This ensures that an equivalent amount of Bitcoin always backs the value of WBTC and that the token is resistant to manipulation.
Overall, WBTC is a new way to bridge the worlds of Bitcoin and Ethereum, offering many benefits for both holders of Bitcoin and Ethereum. It allows users to take advantage of Bitcoin's security and stability while using the token on the Ethereum network for decentralized applications and smart contracts.
Industries
(1)Medium Of Exchange
Tags
(3)Dao
DeFI
Layer 2
Stats
(10)Birthday
Age
5 Years
Decimals
8
Wallets
23
Exchanges
7
Pairs
4
Tickers
12
Base
4
All Time High
$73,544
Date Of ATH
Mar 13 2024
Days Since ATH
190
All Time Low
$3,407
Date for ATL
Feb 07 2019
Days Since ATL
2051