WBTC

Wrapped BTC · Ethereum0x2260…c599
$80,648.04-0.88%
Market cap

$9.37B

Liquidity

$95.35M

24h volume

$17.89M

Holders

195,972

Top 10 hold 53.8%

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About Wrapped BTC

Market data: Unhosted · Snapshot

Wrapped BTC (WBTC) is a token on Ethereum. It recorded $17.89M in trading volume over the last 24 hours across tracked pools. Its price changed -0.88% over that period.

Project description

WBTC is a Bitcoin-pegged wrapped token issued by BitGo. It is used as collateral in lending markets, for liquidity provision in decentralized exchanges, and as a bridge asset for cross-chain transfers across multiple blockchains. The token maintains 1:1 backing with Bitcoin through a custodial model where merchants deposit BTC with BitGo to mint WBTC, with all reserves verifiable on-chain through transparent proof-of-reserve mechanisms.