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Coinbase Wrapped Staked ETH

cbETH

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About Coinbase Wrapped Staked ETH

Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents ETH staked through Coinbase. Coinbase customers can wrap their locked staked ETH to receive cbETH, which is an asset that can be traded, moved on-chain, and used in DeFi and other dapps. cbETH is known as a liquid staking token because it allows holders to get the benefits of staking without lockups or unbonding periods.

Resources

Wrapped Staked ETH (cbETH) is a utility token that symbolizes ETH staked through Coinbase. Users can wrap their locked staked ETH to receive cbETH, a token that can be transferred, moved on-chain, and utilized in DeFi and other decentralized applications. cbETH is recognized as a liquid staking token as it enables holders to participate in staking without the constraints of lockups or unbonding periods.

Wrapped Staked ETH (cbETH) is a unique form of Ethereum (ETH) that represents staked ETH in a tradable format. Unlike natively-staked ETH, cbETH provides users with the flexibility to sell, transfer, or use it in various ways. It can be moved to a personal wallet and traded outside the platform it was created on. The number of cbETH units you receive upon wrapping is based on the ETH to cbETH conversion rate.  cbETH represents 1 staked ETH plus all of its accrued staking interest starting from when cbETH's conversion rate and balance were initialized (June 16, 2022 19:34 UTC). However, the market prices of cbETH and staked ETH can deviate as they are traded across various platforms.

Wrapped Staked ETH, also known as cbETH, is a liquid representation of a user's staked ETH. It operates on the cToken Model, meaning tokens may be both minted and burned according to a conversion rate, which represents accrued staking interest since cbETH's conversion rate and balance were initialized (June 16, 2022 19:34 UTC). There is no fixed interchangeability between ETH and cbETH at a 1:1 ratio. As staked ETH accumulates non-monetary rewards over time, the value represented by each cbETH token may increase. cbETH provides different ways for users to engage with their tokens. It's important to note that the prices of these assets are subject to market dynamics.

Market

France Market Stats

Market cap

€537.0M

Volume (24h)

€3.3M

Circulating supply

172.6K cbETH

Typical hold time

1 day

Popularity

#216

All time high

€4,057.63

Price change (1h)

-0.07%

Price change (24h)

-0.93%

Price change (7d)

+2.87%

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Social

Some highlights about Coinbase Wrapped Staked ETH on social media

92 unique individuals are talking about Coinbase Wrapped Staked ETH and it is ranked #1,014 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Coinbase Wrapped Staked ETH has an average sentiment score of 3.1 out of 5. Finally, Coinbase Wrapped Staked ETH is becoming more newsworthy, with 0 news articles published about Coinbase Wrapped Staked ETH. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Coinbase Wrapped Staked ETH. There were 75% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Coinbase Wrapped Staked ETH. 25% of tweets were neutral about Coinbase Wrapped Staked ETH. These sentiments are based on 4 tweets.

On Reddit, Coinbase Wrapped Staked ETH was mentioned in 0 Reddit posts and there were 0 comments about Coinbase Wrapped Staked ETH. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

92 people

Volume rank

#1,014

Average Sentiment

3.1 out of 5

Twitter

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Coinbase Wrapped Staked ETH is on the rise this week.

The price of Coinbase Wrapped Staked ETH has decreased by 0.07% in the last hour and decreased by 0.93% in the past 24 hours. Coinbase Wrapped Staked ETH’s price has also risen by 2.87% in the past week. The current price is €3,105.81 per cbETH with a 24-hour trading volume of €3.28M. Currently, Coinbase Wrapped Staked ETH is valued at 23.46% below its all time high of €4,057.63. This all-time high was the highest price paid for Coinbase Wrapped Staked ETH since its launch.

The current circulating supply of Coinbase Wrapped Staked ETH is 172,623.984 cbETH which means that Coinbase Wrapped Staked ETH has as total market cap of 172,623.984.

FAQ

What is the current price of Coinbase Wrapped Staked ETH?

We update our Coinbase Wrapped Staked ETH to EUR currency in real-time. Get the live price of Coinbase Wrapped Staked ETH on Coinbase.

What is the market cap of Coinbase Wrapped Staked ETH?

The current market cap of Coinbase Wrapped Staked ETH is €536.98M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Coinbase Wrapped Staked ETH?

The all-time high of Coinbase Wrapped Staked ETH is €4,057.63. This all-time high is highest price paid for Coinbase Wrapped Staked ETH since it was launched.

What is the 24 hour trading volume of Coinbase Wrapped Staked ETH?

Over the last 24 hours, the trading volume of Coinbase Wrapped Staked ETH is €3.28M.

What other assets are similar to Coinbase Wrapped Staked ETH?

Assets that have a similar market cap to Coinbase Wrapped Staked ETH include Frax Share, Jupiter, eCash, and many others. To see a full list, see our comparable market cap assets.

How many Coinbase Wrapped Staked ETH are there?

The current circulating supply of Coinbase Wrapped Staked ETH is 173 thousand.

What is the typical holding time of Coinbase Wrapped Staked ETH?

The median time that Coinbase customers hold Coinbase Wrapped Staked ETH before selling it or sending it to another account or address is 1 days.

What is the relative popularity of Coinbase Wrapped Staked ETH?

Coinbase Wrapped Staked ETH ranks 137 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Coinbase Wrapped Staked ETH?

Currently, 91% of Coinbase users are buying Coinbase Wrapped Staked ETH. In other words, 91% of Coinbase customers have increased their net position in Coinbase Wrapped Staked ETH over the past 24 hours through trading.

Can I buy Coinbase Wrapped Staked ETH on Coinbase?

Yes, Coinbase Wrapped Staked ETH is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Coinbase Wrapped Staked ETH guide.

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