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The live Wrapped Bitcoin price today is $64,643.35 USD with a 24-hour trading volume of $253,055,468 USD. We update our WBTC to USD price in real-time. Wrapped Bitcoin is down 0.39% in the last 24 hours.
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- [Wrapped Bitcoin](https://coinmarketcap.com/alexandria/article/what-is-wrapped-bitcoin) is a tokenized version of [Bitcoin](https://coinmarketcap.c...
- The creation of Wrapped Bitcoin brings the world's leading cryptocurrency [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) into the world o...
- As Wrapped Bitcoin tokens adhere to the ERC-20 token standard, one can use them across the broader Ethereum ecosystem. That includes trading them o...
- The Wrapped Tokens project, of which WBTC is a part, wasn’t founded by individuals but is rather a joint project of three organizations: BitGo, Kyb...
- By virtue of being the oldest and largest cryptocurrency on the market, Bitcoin can boast a massive user base and a liquidity pool of several dozen...
- There is no predetermined schedule of WBTC issuance. Instead, WBTC is automatically minted or burned whenever users purchase or sell their tokens f...
- WBTC tokens are secured by the parent blockchain they run on — Ethereum. In turn, ETH is protected by the Ethash [proof-of-work](https://coinmarket...
- You can buy WBTC on several exchanges, both centralized and decentralized ones, which serve as merchants on the Wrapped Bitcoin network. Some of th...
- 67,140.59Add to watchlist+462.31 (+0.69%)As of Sun. Jul 21, 2024 1:16 AM UTC · CoinMarketCap (USD) · Market open
- Open67,190.30High67,260.64Low67,110.50
- Mkt Cap10.39BP/E (TTM)N/ADiv & YieldN/A & N/A
- Prev. Close67,190.3052 Wk. Low24,998.0852 Wk. High73,505.73
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People also ask
How much is wrapped bitcoin (WBTC / USD)?
What is the live wrapped bitcoin price today?
How much is wrapped bitcoin worth?
What is wrapped bitcoin (WBTC) trading volume?
The Wrapped Bitcoin price is $64,403.33, a change of -1.22% over the past 24 hours as of 1:24 p.m. The recent price action in Wrapped Bitcoin left the tokens market capitalization at $9.86B.
- How Was Wrapped Bitcoin founded?
- What Problem Does WBTC solve?
- Who Are The Key Players in The WBTC Ecosystem?
- How to Convert BTC to Wbtc?
- How to Convert WBTC to BTC?
- How to Keep Track of Wbtc?
- What Is The Risk of Using Wbtc?
WBTC was launched in January 2019. BitGo, Kyber Network and Rencollaborated to find a way for users to bring more liquidity into the Ethereum ecosystem and that’s how Wrapped Bitcoin was created.
Most Decentralized Finance (DeFi)activities take place on the Ethereum blockchain and Bitcoin holders have no access to a wide selection of DeFi applications which includes features like lending, borrowing, trading and more. WBTC helps transfer the value of Bitcoin into the Ethereum blockchain so that users could start generating higher returns wit...
There are a few key players in the WBTC ecosystem. They are: 1. Custodian - Custodians are institutions that store crypto assets. In the case of WBTC, BitGo is responsible for custodying Bitcoin 2. Merchant - Merchants play a key role in the distribution of WTBC by minting or burning WBTC 3. Users - Users are holders of WBTC. Users can use WBTC to ...
To convert BTC to WBTC, a user may visit any of the platforms that is labeled “Merchant” in the WBTC partners page.The user is required to verify his identity through a Know Your Customer (KYC) procedure.After that, the user is required to transfer his BTC to the merchant’s BTC wallet.Once the merchant receives the BTC, the merchant will then notify the custodian, BitGo, the amount of WBTC to be minted.User initiates request to redeem BTC with WTBC.The merchant will create a burn transaction for the amount of WBTC to be redeemed.After 25 Ethereum block confirmations, the custodian will release an equivalent amount of BTC to the merchant’s Bitcoin address.Custodian makes an Ethereum transaction marking the burn request as completed.The conversion between WBTC and BTC is completed in a transparent manner. Users may refer to WBTC’s orderbook dashboard to see a record of all minting and burning of WBTC on the Ethereum network. Also, users can access WBTC’s proof of assets dashboardto view the transaction amount and the total amount of BTC held under custody. This system makes it...
Some of the biggest concerns of using WBTC is centralization and trust. All of the BTC backing WBTC are stored at BitGo, a centralized entity. BitGo is viewed as a central point of failure because it’s the only custodian overseeing WBTC at the moment. Also, users have to completely trust BitGo to safely store their BTC and honor the users’ redempti...
- WBTC
The current price is $66,593.35 per WBTC with a 24-hour trading volume of $293.88M. Currently, Wrapped Bitcoin is valued at 9.47% below its all time high of $73,556.90. This all-time high was the highest price paid for Wrapped Bitcoin since its launch.
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Find the latest Wrapped Bitcoin USD (WBTC-USD) stock quote, history, news and other vital information to help you with your stock trading and investing.
The live price of Wrapped Bitcoin is $ 62,488.10 per (WBTC / USD) with a current market cap of $ 9.58B USD. 24-hour trading volume is $ 206.13M USD. WBTC to USD price is updated in real-time. Wrapped Bitcoin is +4.97% in the last 24 hours with a circulating supply of 153,282.39.
Wrapped Bitcoin (WBTC) is worth $64,455.47 today, which is a 0.3% increase from an hour ago and a 0.5% decline since yesterday. The value of WBTC today is 11.7% higher compared to its value 7 days ago. In the last 24 hours, the total volume of Wrapped Bitcoin traded was $340,936,939.
