Wrapped Bitcoin WBTC Price, Live Charts, and News in United Kingdom

Name: Wrapped Bitcoin
Brand: Cryptocurrency
SKU: WBTC
Price: 49882.4155003137110503345 GBP
Availability: InStock

Wrapped Bitcoin

WBTC

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Wrapped tokens

Wrapped crypto-assets (e.g. , WBTC) (often referred to as ‘wrapped tokens’) are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.

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Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.

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Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.

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Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.

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Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.

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Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.

About Wrapped Bitcoin

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.

Resources

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market Stats

Market cap

£7.7B

Volume (24h)

£158.8M

Circulating supply

155.4K WBTC

Typical hold time

12 days

Popularity

#203

All time high

£58,672.45

Price change (1h)

-0.11%

Price change (24h)

-2.44%

Price change (7d)

-6.08%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom News about Wrapped Bitcoin

The Block • Apr 29, 24

Australia’s largest stock exchange could list approved spot bitcoin ETFs by end of 2024: Bloomberg

Australia’s ASX stock exchange is expected to list its first approved batch of spot bitcoin ETFs on the main board by 2024.

BeInCrypto • Apr 29, 24

Australia Gears Up for Major Bitcoin ETF Rollouts in 2024

Heavyweight ETF issuers are leading the charge to bring Bitcoin ETFs to the Australian market.The post Australia Gears Up for Major Bitcoin ETF Rollouts in 2024 appeared first on BeInCrypto.

The Block • Apr 29, 24

South Korea to officialize crypto investigative unit amid surge in crime: report

The country’s Justice Ministry will start discussions in early May to promote the unit to an official department.

The Block • Apr 29, 24

May preview: $1.25 billion Pyth unlock leads major token unlocks from Avalanche, Aptos, Arbitrum, and more

Here are all the crypto projects are unlocking hundreds of millions of dollars worth of tokens in the month of May.

CoinDesk • Apr 28, 24

Protocol Village: Natix, Crowdsourced Camera Network With Web3 Incentives, Secures $9.6M

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.

BeInCrypto • Apr 28, 24

Ethereum Prices Soar as Transaction Fees Hit Six-Month Low

Ethereum emerged as the top-performing digital asset of the week, with its price increasing by over 6%, coinciding with a significant drop in gas fees.The post Ethereum Prices Soar as Transaction Fees Hit Six-Month Low appeared first on BeInCrypto.

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Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Wrapped Bitcoin in market cap.

Avalanche

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Advanced trading

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Social

Some highlights about Wrapped Bitcoin on social media

403 unique individuals are talking about Wrapped Bitcoin and it is ranked #524 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Wrapped Bitcoin has an average sentiment score of 3.5 out of 5. Finally, Wrapped Bitcoin is becoming more newsworthy, with 0 news articles published about Wrapped Bitcoin. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Wrapped Bitcoin. There were 38.61% of tweets with bullish sentiment compared to 12.87% of tweets with a bearish sentiment about Wrapped Bitcoin. 48.51% of tweets were neutral about Wrapped Bitcoin. These sentiments are based on 101 tweets.

On Reddit, Wrapped Bitcoin was mentioned in 14 Reddit posts and there were 27 comments about Wrapped Bitcoin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

403 people

Volume rank

#524

Average Sentiment

3.5 out of 5

Twitter

Tweet Count

101 people

Sentiment

38.61%

Bullish

48.51%

Neutral

12.87%

Bearish

Posts

Comments

Post Score

295

Comment Score

316

Wrapped Bitcoin Calculator

How much is 1 WBTC?

Conversion Table

WBTC/USD (United States Dollar)

$62,536.95

WBTC/CAD (Canadian Dollar)

CA$85,332.77

WBTC/GBP (British Pound)

£49,882.42

WBTC/JPY (Japanese Yen)

¥9,815,183.94

WBTC/INR (Indian Rupee)

₹5,217,938.79

WBTC/BRL (Real)

R$320,001.55

WBTC/EUR (Euro)

€58,306.31

WBTC/NGN (Nigerian Naira)

NGN 82,979,977.41

WBTC/KRW (South Korean Won)

₩86,210,086.50

WBTC/SGD (Singapore Dollar)

S$85,094.38

Wrapped Bitcoin is on the decline this week.

The price of Wrapped Bitcoin has decreased by 0.11% in the last hour and decreased by 2.44% in the past 24 hours. Wrapped Bitcoin’s price has also fallen by 6.08% in the past week. The current price is £49,882.42 per WBTC with a 24-hour trading volume of £158.82M. Currently, Wrapped Bitcoin is valued at 14.98% below its all time high of £58,672.45. This all-time high was the highest price paid for Wrapped Bitcoin since its launch.

The current circulating supply of Wrapped Bitcoin is 155,383.745 WBTC which means that Wrapped Bitcoin has as total market cap of 155,383.745.

FAQ

What is the current price of Wrapped Bitcoin?

We update our Wrapped Bitcoin to GBP currency in real-time. Get the live price of Wrapped Bitcoin on Coinbase.

What is the market cap of Wrapped Bitcoin?

The current market cap of Wrapped Bitcoin is £7.74B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Wrapped Bitcoin?

The all-time high of Wrapped Bitcoin is £58,672.45. This all-time high is highest price paid for Wrapped Bitcoin since it was launched.

What is the 24 hour trading volume of Wrapped Bitcoin?

Over the last 24 hours, the trading volume of Wrapped Bitcoin is £158.82M.

What other assets are similar to Wrapped Bitcoin?

Assets that have a similar market cap to Wrapped Bitcoin include Avalanche, Dogecoin, Wrapped TRON, and many others. To see a full list, see our comparable market cap assets.

How many Wrapped Bitcoin are there?

The current circulating supply of Wrapped Bitcoin is 155 thousand.

What is the typical holding time of Wrapped Bitcoin?

The median time that Coinbase customers hold Wrapped Bitcoin before selling it or sending it to another account or address is 12 days.

What is the relative popularity of Wrapped Bitcoin?

Wrapped Bitcoin ranks 130 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Wrapped Bitcoin?

Currently, 92% of Coinbase users are buying Wrapped Bitcoin. In other words, 92% of Coinbase customers have increased their net position in Wrapped Bitcoin over the past 24 hours through trading.

Can I buy Wrapped Bitcoin on Coinbase?

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

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.