Wrapped Bitcoin WBTC
$64,821.64 4.88%
Latest Updates
Updated at 15:25$10,079,543,449.54
#203
$245,475,729.21 13.71%
+$3,165.41 4.88%
+$2,887.45 4.45%
What about Wrapped Bitcoin?
Wrapped Bitcoin (wBTC) is a crypto token that mirrors the value of Bitcoin (BTC) and may be used with Ethereum-based decentralized apps. Applications and smart contracts on the Ethereum blockchain can communicate with cryptocurrencies backed by actual Bitcoin reserves thanks to Wrapped Bitcoin. By "wrapping," you essentially make Bitcoin or any other cryptocurrency interoperable with ERC-20 tokens on the Ethereum blockchain network. The original Bitcoin is kept safe in a virtual vault when users trade BTC for wBTC, and the freshly created wBTC is then given to the user.
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+$0.01897 38.84%
+$5.2544 25.52%
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+$0.19921 14.05%
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