Bitcoin
BTC$20 080.91

4.60%

Ethereum
ETH$1 352.25

3.96%

Tether
USDT$1.000199

0.01%

Binance Coin
BNB$295.18

3.35%

USD Coin
USDC$1.000129

0.02%

XRP
XRP$0.479325

6.89%

Wrapped Bitcoin (WBTC) Price, Market Cap and Information


Wrapped Bitcoin (WBTC) Buy Wrapped Bitcoin Now
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...
CVIX 21
Current price $20 061.26
Change 24h 4.52%
Change 7d -0.70%
Market Cap $4 912 128 805
Available supply 244 856 WBTC
Volume 24h $128 318 196
Updated Tuesday, October 4, 2022 2:00:21PM UTC
Nature Coin
Mineable Yes
Discussion
WWW Website

Wrapped Bitcoin price change 24 hours

Wrapped Bitcoin Short Term Forecast

After Price Change
1 day $20 903.74 4.20%

Wrapped Bitcoin Price Predictions

Wrapped Bitcoin General Information

General WBTC facts, technical details and Wrapped Bitcoin Cryptocurrency information

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 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.

What Makes Wrapped Bitcoin Unique?

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 billion dollars. However, its blockchain functionality is relatively basic by modern standards. Unlike Bitcoin, Ethereum was built from the ground up to support more advanced use cases by utilizing the technology of smart contracts, giving rise to an entire industry dubbed “decentralized finance.”

Ethereum and products derived from it offer their users such advanced financial instruments as lending and insurance, which do not rely on trusted intermediaries. By “wrapping” BTC in the ERC-20 standard, WBTC enables full integration of a Bitcoin-like asset into this advanced environment of financial decentralized applications, bringing along the immense liquidity associated with the BTC market.

In addition, Wrapped Bitcoin makes the job significantly easier for exchanges, wallets and payment services that work with Ethereum: instead of having to run two separate nodes for ETH and BTC networks, they can support WBTC operations with just an Ethereum node. Finally, Ethereum blockchain’s faster average blocktime — about 15 seconds vs 10 minutes respectively — increases the speed with which WBTC can be transacted, compared to actual bitcoins.

How Many Wrapped Bitcoin [WBTC] Coins Are There in Circulation?

There is no predetermined schedule of WBTC issuance. Instead, WBTC is automatically minted or burned whenever users purchase or sell their tokens for Bitcoin via a system of merchants and custodians. Because Wrapped Bitcoin is always backed by Bitcoin at a 1:1 ratio, the number of tokens in circulation is directly dependent on the amount of Bitcoin reserves in the WBTC network. As of October 2020, that number was just over 94,000 tokens, worth approximately $1 billion in total.

WBTC tokens are secured by the parent blockchain they run on — Ethereum. In turn, ETH is protected by the Ethash proof-of-work function, a representative of the Keccak family of hash functions.

Where Can You Buy Wrapped Bitcoin [WBTC]?

You can buy WBTC on several exchanges, both centralized and decentralized ones, which serve as merchants on the Wrapped Bitcoin network. Some of the major ones include:

Wrapped Bitcoin Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Sep 25 18 926.42 18 794.86 19 112.30 4 608 116 326
Sep 26 18 804.62 18 722.58 19 208.54 4 684 548 186
Sep 27 19 218.77 18 963.83 20 288.95 4 678 334 223
Sep 28 19 111.99 18 637.26 19 605.82 4 780 754 085
Sep 29 19 433.85 19 029.44 19 551.91 4 765 975 172
Sep 30 19 545.92 19 286.73 19 882.53 4 742 324 380
Oct 01 19 436.22 19 259.00 19 436.22 4 726 103 739
Oct 02 19 304.85 19 092.39 19 325.47 4 700 475 157
Oct 03 19 023.98 19 023.98 19 568.91 4 782 657 202
Oct 04 19 607.11 19 547.99 20 061.26 4 912 128 805

WBTC/USD Price Charts

WBTC to USD price chart – 7 days
WBTC to USD price chart – 30 days
WBTC to USD price chart – 60 days
WBTC to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Wrapped Bitcoin information, WBTC Prices and WBTC's Market Cap. For the most up-to-date prices please visit the Wrapped Bitcoin's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.6% 20 $20 080.91 4.60% -0.63% $384 928 648 027 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.6% 82 $1 352.25 3.96% -2.63% $165 850 909 431 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000199 0.01% 0.02% $67 962 965 910 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 89.2% 16 $295.18 3.35% 4.10% $47 622 811 891 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000129 0.02% 0.01% $47 041 969 452 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 61.2% 86 $0.479325 6.89% 0.21% $23 918 656 745 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000158 -0.04% 0.02% $21 045 557 649 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 46 $0.432877 2.56% -5.26% $14 827 377 490 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 85.6% 22 $34.02 4.22% -2.80% $12 079 424 303 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 90.4% 14 $0.060856 1.66% -2.64% $8 073 831 543 DOGE 7 days price change
12 Polygon (MATIC) MATIC Polygon predictions 67.2% 61 $0.835389 7.92% 6.54% $7 296 551 325 MATIC 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 65.2% 68 $6.47 3.14% -3.80% $7 264 526 660 DOT 7 days price change
14 Dai (DAI) DAI Dai predictions 91.6% 1 $0.999987 0.06% 0.03% $6 786 797 042 DAI 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 93.2% 5 $0.061484 0.80% 1.33% $6 251 497 842 WTRX 7 days price change

News, Promo

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