Convert Wrapped Bitcoin WBTC to Rai Reflex Index RAI
WBTC to RAI: 1 Wrapped Bitcoin converts to 30,248.80 RAI
About WBTC and RAI
Wrapped Bitcoin is climbing, while Rai Reflex Index is falling this week. The current WBTC to RAI conversion rate is 30,248.80. Inversely, this means that if you convert 1 RAI you will get 0.00003306 WBTC. The conversion rate of WBTC/RAI has decreased by 0.19% in the last hour (RAI/WBTC increased by 0.19%). In the last 24 hours, WBTC/RAI grew by 3.36%, while RAI/WBTC shrunk by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 30,248.80 RAI. In other words, to buy 5 Wrapped Bitcoin, it would cost you 151,244.00 RAI. Inversely, 1 RAI would allow you to trade for 0.00003306 WBTC while 50 RAI would convert to 0.001653 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.56%. Meanwhile, in the last 24 hours, the rate has changed by 3.34%, which means that the highest exchange rate of 1 WBTC to RAI was 31,205.11 RAI and the lowest 24 hour value was 1 WBTC for 28,819.28 RAI. Last month, 1 WBTC was worth 32,324.28 RAI. Today, it's down 6.86%. Looking back a year, Wrapped Bitcoin has changed by 50,441.51 RAI. That means that in a single year, the value of Wrapped Bitcoin has shrank by 66.76%.
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.
Rai Reflex Index Market Stats
Please note: Whilst this token may be described as a ‘stable’ asset its value is not designed to be pegged to any fiat currency (e.g. Pounds Sterling or US dollars) and its price may therefore fluctuate. This token relies on complex algorithmic arrangements and is collateralised by Ether (ETH), meaning its value could decline or become volatile. Please visit https://www.coinbase.com/asset-risks for more information on asset risks. RAI is an Ethereum token. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it. The supply and demand mechanic plays out between two parties: SAFE users (those who generate RAI with their ETH) and RAI holders (those who hold, speculate on or use RAI in other protocols and apps).
Conversion tables
WBTC to RAI values from Today at 3:53 am
0.5 WBTC = 15,124.40 RAI |
1 WBTC = 30,248.80 RAI |
5 WBTC = 151,244.00 RAI |
10 WBTC = 302,488.00 RAI |
50 WBTC = 1,512,439.99 RAI |
100 WBTC = 3,024,879.99 RAI |
500 WBTC = 15,124,399.94 RAI |
1,000 WBTC = 30,248,799.87 RAI |
RAI to WBTC values from Today at 3:52 am
0.5 RAI = 0.00001653 WBTC |
1 RAI = 0.00003306 WBTC |
5 RAI = 0.0001653 WBTC |
10 RAI = 0.0003306 WBTC |
50 RAI = 0.001653 WBTC |
100 RAI = 0.003306 WBTC |
500 RAI = 0.01653 WBTC |
1,000 RAI = 0.03306 WBTC |
WBTC to RAI over time
WBTC | Today | 24H 3.34% | 1M -6.86% | 1Y -66.76% |
|---|---|---|---|---|
0.5 WBTC | 15,124.40 RAI | 14,619.34 RAI | 16,162.14 RAI | 25,220.76 RAI |
1 WBTC | 30,248.80 RAI | 29,238.68 RAI | 32,324.28 RAI | 50,441.51 RAI |
5 WBTC | 151,244.00 RAI | 146,193.38 RAI | 161,621.42 RAI | 252,207.56 RAI |
10 WBTC | 302,488.00 RAI | 292,386.76 RAI | 323,242.84 RAI | 504,415.12 RAI |
50 WBTC | 1,512,439.99 RAI | 1,461,933.79 RAI | 1,616,214.18 RAI | 2,522,075.59 RAI |
100 WBTC | 3,024,879.99 RAI | 2,923,867.59 RAI | 3,232,428.36 RAI | 5,044,151.18 RAI |
500 WBTC | 15,124,399.94 RAI | 14,619,337.94 RAI | 16,162,141.79 RAI | 25,220,755.90 RAI |
1,000 WBTC | 30,248,799.87 RAI | 29,238,675.89 RAI | 32,324,283.57 RAI | 50,441,511.79 RAI |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $63,773.71.
Based on the current rate, you could get 0.00001568 WBTC for 1 USD.
Wrapped Bitcoin price has been declining. Since yesterday, the exchange rate of Wrapped Bitcoin has decreased. 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 0.0000784 WBTC. Inversely, 5 WBTC will cost about $318,868.53
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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