#17 rank
Wrapped Bitcoin wbtc
Wrapped Bitcoin Price in USD
$53,942.48
0.48%23.802 ETH
0.999 BTC
Price Change
MIN
MAX
Wrapped Bitcoin Price Statistics
Current Price
$53,942.48
Fully Diluted MarketCap
$10,922,700,773
Total Volume
183,911,963
Total Supply
155,266.898
Circulating Supply
155,266.898
What is Wrapped Bitcoin?
Bitcoin that lives on the Ethereum blockchain is called Wrapped Bitcoin or wBTC.
wBTC is backed 1:1 with Bitcoin. A company known as Bitgo Reserve holds the backed Bitcoin.
wBTC lets users use Bitcoin on the Ethereum ecosystem
The Team Behind Wrapped Bitcoin?
Wrapped Bitcoin or wBTC was launched in 2019 through a joint project of BitGo, Kyber Network, and Ren.
Bitgo is an institutional digital asset financial services firm.
Kyber is a Defi application on the Ethereum Blockchain.
Ren is focused on the cross-blockchain integration of cryptocurrency
What Makes it Promising?
The main reasons to invest in wrapped bitcoin are:
1. Wrapped Bitcoin allows Bitcoin exposure in the Ethereum ecosystem.
2. wBTC can be used in DeFi applications on different blockchains like Ethereum
FAQs
The current price of Wrapped Bitcoin is USD 53,942.48.
The total supply of Wrapped Bitcoin is 155,266.898 and circulating supply of Wrapped Bitcoin is 155,266.898
The trading volume of Wrapped Bitcoin is 183,911,963 in the last 24 hours.