Wrapped Bitcoin logo

Wrapped Bitcoin price

(WBTC)

Share
Share
$48,227.56
-0.86%

Market stats

$10.0B

$217.1M

206.4K WBTC

4 days

49% buy
51% sell

#14

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 rise this week.

The price of Wrapped Bitcoin has risen by 6.71% in the past 7 days. The price declined by 0.86% in the last 24 hours. In just the past hour, the price grew by 0.21%. The current price is $48,227.56 per WBTC. Wrapped Bitcoin is 25.53% below the all time high of $64,759.65.The current circulating supply is 206,420.649 WBTC.

Top stories

Don’t miss out on breaking news

Get the latest headlines on your favorite cryptocurrencies.

Popular cyptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges. 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.