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Wrapped Bitcoin price

(WBTC / USD)

Market stats

$8.0B

$199.2M

+1.23%

276.6K WBTC

4 days

50% buy
50% sell

#10

$162,188.26

+0.85%

-4.22%

-3.26%

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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.

Wrapped Bitcoin is on the decline this week.

The price of Wrapped Bitcoin has fallen by 3.26% in the past 7 days. The price declined by 4.22% in the last 24 hours. In just the past hour, the price grew by 0.85%. The current price is $29,000.00 per WBTC. Wrapped Bitcoin is 82.12% below the all time high of $162,188.26.

The current circulating supply is 276,602.93 WBTC.

Wrapped Bitcoin on social media.

Wrapped Bitcoin was mentioned in 343 out of 1,859,602 social media posts on Twitter and Reddit on May 23, 2022. 301 unique individuals are talking about Wrapped Bitcoin and it is ranked #261 in most mentions and activity from collected posts.

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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.

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