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Coinbase Wrapped Staked ETH

cbETH

Price
$1,170.29
11/26/2022, 4:15:25 PM
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Market

Market stats

Market cap

-

Volume (24h)

$4.1M

Circulating supply

-

Typical hold time

1 day

Trading activity

Not enough data

Popularity

#220

All time high

$1,678.19

Price change (1h)

+0.29%

Price change (24h)

+2.3%

Price change (7d)

+0.53%

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Coinbase Wrapped Staked ETH is on the rise this week.

The price of Coinbase Wrapped Staked ETH has risen by 0.53% in the past 7 days. The price increased by 2.30% in the last 24 hours. In just the past hour, the price grew by 0.29%. The current price is $1,170.295 per cbETH. Coinbase Wrapped Staked ETH is 30.26% below the all time high of $1,678.194164.

The current circulating supply is 0 cbETH.

About

Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents Ethereum 2 (ETH2), which is 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

What is Coinbase Wrapped Staked ETH (cbETH)? 

Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents Ethereum 2 (ETH2), which is 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. Learn more about cbETH

How does Coinbase Wrapped Staked ETH (cbETH) work? 

cbETH is a standard ERC-20 token designed using the cToken model — a model created by Compound Finance to represent depository assets in their protocol. cbETH maintains a conversion rate that represents the amount of underlying ETH2, and Coinbase will wrap or unwrap at this rate without charging fees. 

Holders of ETH2 and cbETH will benefit similarly from Ethereum staking rewards. Holding ETH2, you receive regular ETH2 payouts. Holding cbETH, you experience the same rewards by an increase in the cbETH conversion rate (the same cbETH can be unwrapped for more ETH2).

Due to the conversion rate, the price of cbETH will likely deviate from ETH because cbETH represents 1 staked ETH plus all of its accrued staking interest since initialization. cbETH is not pegged to the price of ETH and there is no expectation of a 1:1 relationship. Learn more about wrapping and using cbETH

What are the risks to wrapping my ETH2 for cbETH? 

Wrapping involves risks.  Markets may value cbETH less than the staked ETH it represents, which could cause you to lose value by wrapping and selling your cbETH. While Coinbase does not offer unwrapping yet, this functionality is in development and will enable you to return to staked ETH plus any accrued interest.

Who created cbETH? 

cbETH was developed by Coinbase.  The “cbETH” symbol stands for “Coinbase Wrapped Staked ETH”.  cbETH represents ETH that has been staked at Coinbase. 

How do you buy cbETH? 

The cbETH token can be purchased and traded via exchanges like Coinbase.  Coinbase customers can also acquire cbETH by staking ETH, and then wrapping the resultant ETH2 into cbETH.

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How much is 1 cbETH?

Conversion Table

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Last update: 4:14 PM

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FAQ

What is the current price of Coinbase Wrapped Staked ETH?

The price of 1 Coinbase Wrapped Staked ETH currently costs $1,170.29.

What is the market cap of Coinbase Wrapped Staked ETH?

The current market cap of Coinbase Wrapped Staked ETH is $0.00. 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 $1,678.19. 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 $4.08M.

What other assets are similar to Coinbase Wrapped Staked ETH?

Assets that have a similar market cap to Coinbase Wrapped Staked ETH include Phantom Protocol, Curve.fi gDAI/gUSDC/gUSDT, Revuto, 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 0.

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 147 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, 78% of Coinbase users are buying Coinbase Wrapped Staked ETH. In other words, 78% of Coinbase customers have increased their net position in Coinbase Wrapped Staked ETH over the past 24 hours through trading.