Convert Wrapped Bitcoin WBTC to Frax Price Index Share FPIS
WBTC to FPIS: 1 Wrapped Bitcoin converts to 729,453.11 FPIS
About WBTC and FPIS
Wrapped Bitcoin is climbing, while Frax Price Index Share is falling this week. The current WBTC to FPIS conversion rate is 729,453.11. Inversely, this means that if you convert 1 FPIS you will get 0.000001371 WBTC. The conversion rate of WBTC/FPIS has decreased by 0.08% in the last hour (FPIS/WBTC increased by 0.08%). In the last 24 hours, WBTC/FPIS grew by 1.12%, while FPIS/WBTC shrunk by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 729,453.11 FPIS. In other words, to buy 5 Wrapped Bitcoin, it would cost you 3,647,265.54 FPIS. Inversely, 1 FPIS would allow you to trade for 0.000001371 WBTC while 50 FPIS would convert to 0.00006854 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.87%. Meanwhile, in the last 24 hours, the rate has changed by 0.81%, and that the highest exchange rate of 1 WBTC to FPIS was 731,888.82 FPIS and the lowest 24 hour value was 1 WBTC for 716,722.86 FPIS. Last month, 1 WBTC was worth 803,393.00 FPIS. Today, it's down 10.14%. Looking back a year, Wrapped Bitcoin has changed by 277,849.19 FPIS. That means that in a single year, the value of Wrapped Bitcoin has grown by 61.91%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Frax Price Index Share Market Stats
The Frax Price Index Share (FPIS) token is the governance token of the Frax Price Index (FPI) system, which is also entitled to seigniorage from the protocol. Excess yield will be directed from the treasury to FPIS holders, similar to Frax Finance's FXS structure.
Conversion tables
WBTC to FPIS values from Today at 11:19 am
0.5 WBTC = 364,726.55 FPIS |
1 WBTC = 729,453.11 FPIS |
5 WBTC = 3,647,265.54 FPIS |
10 WBTC = 7,294,531.07 FPIS |
50 WBTC = 36,472,655.37 FPIS |
100 WBTC = 72,945,310.74 FPIS |
500 WBTC = 364,726,553.69 FPIS |
1,000 WBTC = 729,453,107.37 FPIS |
FPIS to WBTC values from Today at 11:20 am
0.5 FPIS = 0.0000006854 WBTC |
1 FPIS = 0.000001371 WBTC |
5 FPIS = 0.000006854 WBTC |
10 FPIS = 0.00001371 WBTC |
50 FPIS = 0.00006854 WBTC |
100 FPIS = 0.0001371 WBTC |
500 FPIS = 0.0006854 WBTC |
1,000 FPIS = 0.001371 WBTC |
WBTC to FPIS over time
WBTC | Today | 24H 0.81% | 1M -10.14% | 1Y 61.91% |
|---|---|---|---|---|
0.5 WBTC | 364,726.55 FPIS | 361,756.77 FPIS | 401,696.50 FPIS | 138,924.59 FPIS |
1 WBTC | 729,453.11 FPIS | 723,513.54 FPIS | 803,393.00 FPIS | 277,849.19 FPIS |
5 WBTC | 3,647,265.54 FPIS | 3,617,567.68 FPIS | 4,016,964.99 FPIS | 1,389,245.94 FPIS |
10 WBTC | 7,294,531.07 FPIS | 7,235,135.35 FPIS | 8,033,929.97 FPIS | 2,778,491.87 FPIS |
50 WBTC | 36,472,655.37 FPIS | 36,175,676.77 FPIS | 40,169,649.87 FPIS | 13,892,459.36 FPIS |
100 WBTC | 72,945,310.74 FPIS | 72,351,353.54 FPIS | 80,339,299.75 FPIS | 27,784,918.73 FPIS |
500 WBTC | 364,726,553.69 FPIS | 361,756,767.68 FPIS | 401,696,498.74 FPIS | 138,924,593.64 FPIS |
1,000 WBTC | 729,453,107.37 FPIS | 723,513,535.35 FPIS | 803,392,997.49 FPIS | 277,849,187.28 FPIS |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $60,224.02.
Based on the current rate, you could get 0.0000166 WBTC for 1 USD.
Wrapped Bitcoin price has been on the rise. Since yesterday, the exchange rate of Wrapped Bitcoin has increased. Since last month, the exchange rate of Wrapped Bitcoin has decreased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.00008302 WBTC. Inversely, 5 WBTC will cost about $301,120.08
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido wstETH, Wrapped Beacon ETH, and USDS. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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