Wrapped Bitcoin (WBTC) is a cryptocurrency or a form of digital asset. Wrapped Bitcoin (WBTC) price for today is $ 7,301.87 or 1.02 BTC with a 24-hour trading volume of $ 280,124. WBTC price changes -8.89 % in the last 24 hours. It has a circulating supply of 584 coins and a max supply of 21 Million coins.
Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers.
To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user.
|Wrapped Bitcoin Rank||448|
|WBTC/USD Price||$ 7,301.87|
|WBTC/BTC Price||฿ 1.02|
|24h Vol||$ 280,124|
|Market Cap||$ 4,266,422|
|Full Name||Wrapped Bitcoin (WBTC)|
|Available/Total Supply||584 - 21 M|