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sBTC Price (SBTC)
$20,185.00
5.52%
sBTC Price Chart (SBTC/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 Gate.io |
SBTC / USDT | $0.27652500 | 1.91% | $12,538 | |
| 2 |
Gate.io |
SBTC / BTC | $0.46200200 | 3.89% | $9,704 | |
| 3 |
 CREX24 |
SBTC / BTC | $0.00127073 | 71.43% | $0 | |
| 4 |
 YoBit |
SBTC / WAVES | $0.70124500 | 47.37% | $0 | |
| 5 |
 HitBTC |
SBTC / ETH | $0.78665300 | 25.83% | $0 | |
| 6 |
HitBTC |
SBTC / USDT | $0.74978900 | 16.56% | $0 | |
| 7 |
HitBTC |
SBTC / BTC | $0.67723100 | 20.14% | $0 | |
| 8 |
YoBit |
SBTC / BTC | $0.69719700 | 46.45% | $4 | |
| 9 |
YoBit |
SBTC / RUR | $0.87341200 | 57.34% | $0 | |
| 10 |
YoBit |
SBTC / USD | $0.80357100 | 35.29% | $0 | |
| 11 |
YoBit |
SBTC / ETH | $0.75988400 | 38.83% | $0 |
SBTC Price Statistics
- sBTC Price Now $20,185
- 24h Low / 24h High $20,094 / $21,728
- Trading Volume $4,433
- Market Cap Rank #722
- Market Cap $13,814,390
- Volume / Market Cap 0.0003
-
All-Time High
$68,574 -70.53%
Nov 10, 2021 -
All-Time Low
$100 392.01%
Mar 13, 2020
sBTC: The Future of Cryptocurrency
Introduction
In the world of cryptocurrency, innovation knows no bounds. One such groundbreaking development is sBTC - a cryptocurrency that has gained significant attention in recent times. sBTC, short for Synthetic Bitcoin, is designed to provide users with exposure to Bitcoin's price movement, all while enjoying the benefits of decentralized finance (DeFi). Let's dive deeper into what makes sBTC a unique and exciting addition to the crypto market.
Understanding sBTC
sBTC, as the name suggests, is a synthetic asset that represents the price value of Bitcoin. It is built on the Ethereum blockchain, making it an ERC-20 token. What sets sBTC apart from other cryptocurrencies is its ability to increase exposure to Bitcoin's price gains without actually holding Bitcoin directly.
The Benefits of sBTC
One of the key advantages of sBTC is that it enables users to participate in the DeFi ecosystem, which offers various opportunities to earn interest on digital assets or engage in lending and borrowing activities. With sBTC, there is no need to sell or convert digital assets to gain access to these DeFi protocols. Users can simply use sBTC as collateral to engage in decentralized financial activities seamlessly.
Another benefit of sBTC is its potential for diversification. By holding sBTC, users can gain exposure to the price movement of Bitcoin while also diversifying their portfolio. This means that even if Bitcoin's price experiences volatility, the user's overall portfolio may remain relatively stable, reducing potential risks.
The Risks of sBTC
Using sBTC does come with risks, and it's important for users to be aware of them. One notable risk is that sBTC is built on the Ethereum blockchain, which is itself subject to network congestion and transaction fees. These issues can impact the efficiency and cost-effectiveness of using sBTC.
Additionally, sBTC relies on Smart Contracts, which can be vulnerable to exploits or hacks. While sBTC has undergone extensive security audits, it is always essential for users to exercise caution and only interact with trusted platforms and protocols.
Conclusion
sBTC has unlocked new possibilities in the cryptocurrency space, combining the price value of Bitcoin with the benefits of DeFi. As more users recognize the advantages of sBTC, its popularity is likely to grow further. However, users should always conduct thorough research and understand the associated risks before engaging with any cryptocurrency. By staying informed, crypto enthusiasts can make the most of this exciting technological revolution.