Coins: 10053 Exchanges: 857 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Wrapped Bitcoin price

Wrapped Bitcoin Price (WBTC)

$62,015.00

0.51%
Rank #15

Wrapped Bitcoin Price Chart (WBTC/USD)

Last updated 03 Mar 2024, 06:33AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Bitrue WBTC / BTC $29,420.00 0.08% $48,462,409
2 Binance WBTC / BTC $29,404.00 0.02% $38,339,295
3 Digifinex WBTC / BTC $29,380.00 0.07% $7,030,904
4 Tidex WBTC / BTC $29,412.00 0.03% $3,690,768
5 Hotbit WBTC / BTC $26,648.00 0.07% $2,623,971
6 QMall WBTC / BTC $29,387.00 0.29% $1,439,375
7 Idex WBTC / USDC $21,150.00 0.01% $1,337,879
8 Binance WBTC / ETH $29,009.00 0.06% $1,292,911
9 Azbit WBTC / USDT $29,491.00 0.07% $880,286
10 Coinbase Exchange WBTC / BTC $29,515.00 0.31% $746,890
11 Bitrue WBTC / BUSD $29,422.00 0.22% $736,284
12 Tidex WBTC / BUSD $29,395.00 0.30% $498,241
13 Kraken WBTC / XBT $29,983.00 0.29% $472,126
14 Bancor Network WBTC / BNT $20,708.00 0.60% $427,945
15 Binance WBTC / USDT $28,919.00 0.12% $417,937
16 AscendEX (BitMax) WBTC / USDT $30,500.00 1.36% $339,190
17 Bybit (Spot) WBTC / USDT $29,534.00 0.21% $322,845
18 Bitget WBTC / USDT $28,868.00 0.06% $322,010
19 Bybit (Spot) WBTC / BTC $29,295.00 0.01% $203,554
20 Bitubu Exchange WBTC / BTC $21,164.00 0.03% $164,092
21 OKX WBTC / ETH $27,879.00 0.44% $163,863
22 XT.COM WBTC / USDT $19,084.23 2.43% $147,319
23 OKX WBTC / BTC $29,467.00 0.04% $133,283
24 Coinbase Exchange WBTC / USD $29,594.00 0.09% $116,310
25 Crypto.com Exchange WBTC / BTC $29,390.00 0.02% $112,019
26 MEXC Global WBTC / USDT $28,928.00 0.08% $104,956
27 Tokpie CAKE / WBTC $17,348.99 0.21% $99,905
28 KuCoin WBTC / BTC $29,659.00 0.62% $99,669
29 Tokpie ETH / WBTC $17,341.65 1.26% $70,486
30 LocalTrade WBTC / BTC $23,636.00 0.11% $63,816
31 HitBTC WBTC / ETH $19,120.69 0.35% $63,273
32 Tokpie ADA / WBTC $17,322.40 0.96% $58,268
33 Binance WBTC / BUSD $29,202.00 0.08% $49,440
34 BitMart WBTC / USDT $29,582.00 0.52% $39,517
35 Kraken WBTC / USD $29,500.00 0.10% $38,654
36 BingX WBTC / USDT $29,417.00 0.35% $38,421
37 Poloniex WBTC / USDT $29,365.00 1.87% $34,023
38 Gate.io WBTC / USDT $28,745.00 0.31% $33,401
39 Crypto.com Exchange WBTC / USD $29,413.00 0.32% $31,822
40 Phemex WBTC / USDT $29,405.00 0.06% $30,833
41 Azbit WBTC / ETH $29,500.00 0.06% $27,350
42 OKX WBTC / USDT $29,185.00 0.10% $25,605
43 Loopring WBTC / USDC $20,729.00 1.64% $24,327
44 LocalTrade WBTC / ETH $23,639.00 0.26% $23,690
45 Gate.io WBTC / BTC $30,265.00 0.19% $23,551
46 Crypto.com Exchange WBTC / USDT $29,875.00 0.08% $22,753
47 MEXC Global WBTC / USDC $29,318.00 1.26% $19,101
48 Tokpie DAF / WBTC $6,733,416.58 0.02% $17,543
49 Tidex WBTC / ETH $29,473.00 0.89% $11,179
50 Tokpie FIT / WBTC $14,770.11 0.05% $9,003

WBTC Price Statistics

$61,622
24H Range
$62,332
  • Wrapped Bitcoin Price Now $62,015
  • 24h Low / 24h High $61,622 / $62,332
  • Trading Volume $123,836,340
  • Market Cap Rank #17
  • Market Cap $9,652,942,730
  • Volume / Market Cap 0.0128
  • All-Time High $70,643 -12.40%
    Nov 10, 2021
  • All-Time Low $100 1,871.35%
    Apr 02, 2019


Wrapped Bitcoin: The Revolutionary Cryptocurrency

Introduction

Bitcoin, being the pioneer of cryptocurrencies, has undoubtedly changed the way we perceive the concept of money. Its decentralized and highly secure nature made it an attractive investment option for many. However, the limitations of the Bitcoin blockchain led to the development of Wrapped Bitcoin (WBTC), a cryptocurrency that combines the benefits of Bitcoin with the flexibility of Ethereum's smart contracts.

Understanding Wrapped Bitcoin


WBTC is an ERC-20 token that represents Bitcoin on the Ethereum blockchain. By bridging the gap between Bitcoin and Ethereum, WBTC allows users to access the advantages of both networks simultaneously. This innovative token brings liquidity to the Ethereum network while maintaining the inherent properties of Bitcoin.

The Functionality


To acquire WBTC, users need to trade their Bitcoin for an equivalent amount of WBTC. The Bitcoins are then stored securely in a custodian's reserve, and an equal number of WBTC is minted and sent to the user's Ethereum wallet. This ensures that WBTC remains backed by actual Bitcoin reserves at all times.

Benefits of Wrapped Bitcoin


1. Enhanced Liquidity: WBTC opens up a myriad of opportunities for Bitcoin holders by allowing seamless integration into decentralized finance (DeFi) applications on the Ethereum network. Users can now participate in lending, trading, and other DeFi activities without having to sell their Bitcoin holdings.
2. Accessibility: With WBTC, Bitcoin users can leverage the benefits provided by the Ethereum blockchain, such as faster transaction processing times and lower fees, without needing to shift completely to a new cryptocurrency.
3. Interoperability: By representing Bitcoin on the Ethereum network, WBTC enables interoperability between different blockchain platforms. This enhances the overall efficiency and functionality of the cryptocurrency ecosystem.

Security and Transparency


The underlying Bitcoin reserves that back WBTC are maintained by reputable and regulated custodians. These custodians ensure the security of the locked Bitcoins, providing a transparent auditing process to assure users of the legitimacy of the WBTC supply.

Conclusion


Wrapped Bitcoin presents an exciting solution for those who wish to enjoy the best of both Bitcoin and Ethereum. It combines the stability and recognition of Bitcoin with the flexibility and functionality of Ethereum's smart contracts. WBTC enhances liquidity, accessibility, and interoperability within the cryptocurrency ecosystem, offering users a secure and transparent way to explore the world of decentralized finance.