Fundamentals

Today's Low

94,072

$96,486.00

Today's High

97,311

Price & Market Stats

Wrapped Bitcoin Price	$96,486.00
24h High / 24h Low	$94,072.00 / $97,311.00
Trading Volume	$235,633,288.00
Price Change (24h)	$2,075.44
Price Change Percentage (24h)	2.198%
Market Cap Rank	#12

Market Cap	$12,426,548,101.00
Market Cap Change (24h)	$268,213,759.00
Market Cap Change Percentage (24h)	2.206%
Volume / Market Cap	0.0190
All-Time High	$108,368.00
All-Time Low	$3,139.17

About Wrapped Bitcoin

What Is Wrapped Bitcoin?

Wrapped Bitcoin is a tokenized version of Bitcoin that runs on the Ethereum blockchain, allowing Bitcoin to be used in decentralized finance (DeFi) protocols.

Who Are the Founders of Wrapped Bitcoin?

WBTC was created by BitGo, Kyber Network, and Ren in 2019.

What Makes Wrapped Bitcoin Unique?

WBTC bridges the Bitcoin and Ethereum ecosystems, allowing Bitcoin to be used in DeFi.

How Is the Wrapped Bitcoin Network Secured?

WBTC is secured by Ethereum’s proof-of-stake or proof-of-work mechanism, depending on which chain it’s being used.

What Is Wrapped Bitcoin’s Role in the Crypto Ecosystem?

WBTC allows Bitcoin to be used in decentralized finance (DeFi) ecosystems on the Ethereum blockchain.

How Is Wrapped Bitcoin’s Technology Upgraded?

WBTC upgrades are coordinated by the consortium behind WBTC, including BitGo and Kyber Network, and rely on Ethereum upgrades.

Who Are the Largest Corporate Holders of Wrapped Bitcoin?

WBTC is held by DeFi protocols and liquidity providers on Ethereum-based platforms like Aave and Compound.

Frequently Asked Questions

Is Wrapped Bitcoin Legal?

Yes, WBTC is legal and operates on the Ethereum network, complying with DeFi regulations.

Can Wrapped Bitcoin Be Hacked?

WBTC is secure within the Ethereum network, but as with all DeFi protocols, smart contract vulnerabilities could be exploited.

Can I Use Wrapped Bitcoin for Everyday Purchases?

WBTC is primarily used within DeFi protocols and is not widely accepted for everyday purchases.

Guides

Buying Guide for Wrapped Bitcoin

Team

BitGo

custodian

BitGo is a crypto trading and financial services company cofounded in 2013 by Mike Belshe (a computer scientist and entrepreneur). It is also a digital asset custody provider for institutions and the first and only custodian of WBTC currencies.

Kyber Network

Unknown Title

Loi Luu, Yaron Velner, and Victor Tran launched Kyber Network in 2017 and are located in Singapore. The company offers a blockchain liquidity protocol that integrates multiple cryptocurrency tokens and DeFi apps.

Ren

Unknown Title

Ren, like Kyber, is a business that uses technologies like RenVM, RenBridge, and others to combine cross-blockchains centered on cryptocurrency assets and DeFi applications. Taiyang Zhang and Loong Wang started Ren in 2017. Kyber Network, together with Ren, helped create WBTC and continues to be a merchant in the WBTC ecosystem.