Wrapped Bitcoin, or WBTC, was launched on January 31, 2019. It is an ERC-20 token on the Ethereum network, pegged to Bitcoin.
The price of WBTC mirrors Bitcoin’s – they’re exchanged at a 1:1 ratio. It allows BTC holders get full access to the ETH ecosystem, with its rich functionality and transaction speeds much higher than that on BTC blockchain (just compare their average block time: approximately 15 seconds in the former and about 10 minutes in the latter).
Not only wrapped coins could be transacted much faster than actual bitcoin tokens: being ERC-20 compliant means the technology of smart contracts is implemented, which in its turn means that WBTC holders may take advantage of a variety of instruments offered by decentralized finance.
The wrapped bitcoin live price is $48,037.69
During the last 24 hours, wrapped bitcoin price went up by 4.74%.
The trading volume of WBTC equals $251,887,830 for the last 24 hours.
Wrapped BTC currently ranks #17 by market cap (its market capitalization is $12,438,879,381)
The number of WBTC coins in circulation is 258,940; the data on the maximum supply are unavailable.
indusCrypto gives you wonderful opportunities to successfully invest in multiple tokens, including wrapped BTC; crypto currencies available come in a great variety. It’s possible to make transactions on as many as thirteen exchanges from a single account.
What is more, you can easily set up specialized crypto trading bots and save plenty of time and effort. Thanks to the sophisticated trading script , your transactions will be made automatically. If you find making decisions a tricky task, the crypto copy trading function will come in useful. It enables you to subscribe to so-called signals – instant notifications about actions made by experienced traders, whose records are open to the public. Whenever the signaler buys or sells, your bot will instantly do the same.
In addition, to keep you abreast with up-to-the-minute prices, including that of wrapped bitcoin, price graphs are available for each listed cryptocurrency. Latest news and tutorials may spark your interest, even if you are an expert.
With indusCrypto, the sky is the limit!