
Wrapped Bitcoin (WBTC) Price
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Wrapped Bitcoin (WBTC) Price Today
Wrapped Bitcoin (WBTC) Market Data
About Wrapped Bitcoin (WBTC)
Wrapped Bitcoin (WBTC) is a cryptocurrency and operates on the Ethereum platform. Wrapped Bitcoin has a current supply of 215,765.43494263. The last known price of Wrapped Bitcoin is 61,551.12071515 USD and is up 4.64 over the last 24 hours. It is currently trading on 224 active market(s) with $560,071,742.67 traded over the last 24 hours.
Wrapped Bitcoin is an ERC-20 token housed on Ethereum’s platform. WBTC coin represents Bitcoin, whereby a single Bitcoin can be changed to one wrapped Bitcoin via a wrapped Bitcoin partner, and vice versa. One significant benefit of WBTC is its incorporation with dapps, smart contracts, and Ethereum wallets.
WBTC was designed to allow BTC users to participate in Ethereum-based peer-to-peer finance applications. The BTC that supports WBTC can be verified publicly because of a "proof of reserve" approach that authenticates the 1:1 correlation between generated Wrapped Bitcoin coins and the Bitcoin kept by custodians.
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