Wrapped Bitcoin

Wrapped Bitcoin Price Today

The live Wrapped Bitcoin price today is $ USD. with a 24-hour trading volume of $22,024,118,723 USD. We update our WBTC to USD price in real-time. Wrapped Bitcoin is up in the last 24 hours. The current CoinMarketCap ranking is #17, with a live market cap of $ USD. It has a circulating supply of 249,980 WBTC coins and a max. supply of 21,000,000 WBTC coins.

WBTC to USD

The Wrapped Bitcoin live price on 9/22/2023 2:53 is $ USD,WBTC is up in the last 24 hours.

WBTC price USD

WBTC price USD WBTC/USD on Friday,September 22, 2023 is $ USD,WBTC is up in the 9/22/2023 2:53:18.

Wrapped Bitcoin Official Website

The Wrapped Bitcoin official website is wbtc.network

Buy Wrapped Bitcoin

Buy WBTC on Binance
Binance, the world's leading blockchain digital asset exchange, currently has users in more than 180 countries and regions around the world, and Binance's cryptocurrency trading volume ranks first in the world.

Wrapped Bitcoin Exchange

If you would like to know where to buy Wrapped Bitcoin (WBTC) at the current rate, the top cryptocurrency exchanges for trading in Wrapped Bitcoin stock are currently Binance, OKX, Huobi, Gate.io, and Coinbase. You can find others listed on our crypto exchanges page.

Wrapped Bitcoin Wallet

Wrapped Bitcoin wallet is a software program in which WBTC are stored. Technically, Wrapped Bitcoin are not stored anywhere. For every individual who has a balance in a Wrapped Bitcoin wallet, there is a private key (secret number) corresponding to the Wrapped Bitcoin address of that wallet. Download the Wrapped Bitcoin Wallet APP on the Wrapped Bitcoin official website wbtc.network

What Is Wrapped Bitcoin(WBTC)

Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.

WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other-ethlik ERC-20-enabled decentralized finance (DeFi) applications.

WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.

Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019.

Who Are the Founders of Wrapped Bitcoin?

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, Kyber Network and Ren.

BitGo, co-founded in 2013 by American computer scientist and entrepreneur Mike Belshe, is an institutional digital asset custody, trading and financial services firm. In addition to being one of the developers of WBTC, BitGo also serves as its original custodian — the entity that holds WBTC tokens and the keys needed to mint more of them.

Kyber Network is an on-blockchain liquidity protocol that enables the integration of different cryptocurrency tokens and DeFi applications. It was founded in 2017 by Loi Luu, Victor Tran and Yaron Velner and is based in Singapore. Along with Ren, Kyber Network has helped create WBTC and still serves as a merchant on its network — the institution that mints and burns WBTC tokens to maintain the 1:1 ratio of tokens to BTC reserves.

Similarly to Kyber, Ren is a company focused on cross-blockchain integration of cryptocurrency assets and DeFi applications via solutions such as RenBridge, RenVM and others. It was founded in 2017 by Taiyang Zhang and Loong Wang.

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