WBTC
WBTC

Wrapped Bitcoin price

₺3,689,271
-₺38,555.04
(-1.04%)
Price change for the last 24 hours
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Wrapped Bitcoin market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
₺474.92B
Circulating supply
128,815 WBTC
100.00% of
128,815 WBTC
Market cap ranking
11
Audits
CertiK
Last audit: --
24h high
₺3,728,256
24h low
₺3,687,164
All-time high
₺4,240,674
-13.01% (-₺551,403.2)
Last updated: Jan 20, 2025
All-time low
₺390,493.2
+844.77% (+₺3,298,778)
Last updated: Oct 2, 2020

Wrapped Bitcoin Feed

The following content is sourced from .
kevin (ooga, booga)
kevin (ooga, booga)
Even though BERA price is down, this Boyco market was still a cook. 6.5% APY on single sided WBTC, bearing in mind Aave yield for WBTC on Ethereum mainnet is 0.02%...
16.59K
40
bobdbldr | IVX
bobdbldr | IVX reposted
BurstingBagel 🥯
BurstingBagel 🥯
Calling all DeFi Buildoors... A really cool use case is unlocked for AMMs if you enable the rehypothecation of idle liquidity into money markets and simultaneously enable those assets as collateral. This is possible with hooks. You can borrow against your LP tokens without creating a new borrow/lend market simply by tapping into existing liquidity. Imagine I am supplying $1000 of ETH - USDC on an AMM and choose to rehypothecate idle liquidity into Aave (You can already do this on @bunni_xyz) I can now borrow against that $1000 in Aave and when a swap goes through my pool the collateral composition changes ie, if ETH price goes up: 1. Hook withdraws ETH from Aave and sent to buyer 2. USDC from buyer deposited into Aave This is similar to what Fluid does with smart collateral, but way more composable. ETH max LTV on aave v3 core market is 93% and USDC is 75% So for that $1000 in my LP, I can borrow a maximum of $840 from the get-go Remember, when some swaps through your pool the amount of eth & usdc rehypothecated in Aave changes, along with your liquidation threshold. You can get liquidated. Why would someone do this? 1. Makes capital more productive. Imagine there's a new opportunity to earn yield on BTC. To capitalize on the opportunity, I could borrow WBTC on Aave against my LP. 2. Hedging I could borrow against the LP position and long volatility on @GammaSwapLabs 3. Unique and levered LP payoffs I would also have automatic access to levered Lping. I could also take a more directional view and borrow only ETH or USDC against the LP and rebalance into the LP position to disproportionately profit if ETH goes up or down. This is possible in theory, but can someone build it? It would make sense to build it on @bunni_xyz since they already allow you to rehypothecate idle liquidity into any ERC4626 vault + the other features to boost LP profitability. My DMs are open.
23.5K
27
Velodrome
Velodrome
A few highlights from the last week: • Native Interop is coming 🔴 • Supercharging Superchain Growth ⚡ • Velodrome & @Optimism Livestream 🎙️ • $OP Incentives Across The Superchain • Ink Dominance Continues 💪 • New Launches: $WBTC $cUSD $rUSDC
23.82K
51
Core DAO 🔶
Core DAO 🔶
The WBTC Ignition livestream is just 2 days away! 🎥 Learn how to earn more Sparks with your WBTC—straight from the teams involved. ⚡️ Join us alongside @WrappedBTC, @BitFluxFi, @colend_xyz, @glyph_exchange, and @dylanjdennis. 🗓️ May 5 | 9AM EST 📍 Live on YouTube & X
31.71K
327
BeamPrivacy
BeamPrivacy
🔒Your definitive guide to private DeFi on #Beam. Our key offerings: 🔹Private-by-default wallet metadata & transactions 🔹Private-by-default stablecoin 🔹Private-by-default DEX (feat. wrapped assets from Ethereum like wBTC, USDT, and more)
18.19K
51

WBTC calculator

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Wrapped Bitcoin price performance in TRY

The current price of Wrapped Bitcoin is ₺3,689,271. Over the last 24 hours, Wrapped Bitcoin has decreased by -1.03%. It currently has a circulating supply of 128,815 WBTC and a maximum supply of 128,815 WBTC, giving it a fully diluted market cap of ₺474.92B. At present, the Wrapped Bitcoin coin holds the 11 position in market cap rankings. The Wrapped Bitcoin/TRY price is updated in real-time.
Today
-₺38,555.04
-1.04%
7 days
+₺40,732.06
+1.11%
30 days
+₺428,114.7
+13.12%
3 months
-₺238,167.3
-6.07%

About Wrapped Bitcoin (WBTC)

4.0/5
CyberScope
4.0
04/16/2025
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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The decentralized finance (DeFi) landscape has experienced a rapid surge in popularity, transforming the way we interact with traditional finance systems. Bitcoin (BTC), as the world's largest cryptocurrency by market capitalization, plays a vital role. Wrapped Bitcoin (WBTC) was introduced to provide users with access to Bitcoin's liquidity and benefits within the DeFi ecosystem.

What is Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is an Ethereum-based token designed to bring the liquidity and value of Bitcoin to the Ethereum network and the broader DeFi ecosystem. As an ERC-20 token pegged 1:1 to BTC, each WBTC represents an equivalent amount of BTC. This is made possible through a custodian model, where approved custodians hold the BTC in reserve. By wrapping BTC in an ERC-20 format, users gain access to the versatility of Ethereum and can seamlessly utilize BTC in a variety of DeFi applications.

The Wrapped Bitcoin team

The Wrapped Bitcoin project is a collaborative effort by several industry-leading players. The team behind WBTC comprises prominent organizations such as BitGo, Ren, and Kyber Network. BitGo acts as the primary custodian for Bitcoin reserves, ensuring the safety and integrity of the underlying assets. Ren facilitates the wrapping process, allowing BTC holders to convert their BTC into WBTC. Meanwhile, Kyber Network provides liquidity for WBTC, enabling seamless integration into the DeFi ecosystem.

How does Wrapped Bitcoin work

Wrapped Bitcoin (WBTC) operates through a network of reputable and audited custodians responsible for holding the Bitcoin reserves. To obtain WBTC, users send their BTC to one of these approved custodians, who then generate an equivalent amount of WBTC on the Ethereum network. Ren's decentralized custodial solution facilitates this wrapping process. WBTC can be redeemed for BTC at any time, with the corresponding amount of WBTC burned.

Wrapped Bitcoin’s native token: WBTC

WBTC is the native token of the Wrapped Bitcoin ecosystem. It functions as an ERC-20 token on the Ethereum blockchain, making it easily tradable and compatible with various decentralized exchanges (DEX), wallets, and decentralized applications (dApps). With WBTC, users can participate in DeFi protocols, including lending, borrowing, liquidity provision, and yield farming, while still maintaining exposure to Bitcoin's value.

WBTC tokenomics

The total supply of WBTC is determined by the number of BTC tokens held in secure custody. Each WBTC token in circulation represents an equivalent amount of BTC stored and accounted for. This 1:1 pegging mechanism ensures that the value of WBTC remains consistent with that of BTC. Regular audits conducted by third-party firms further enhance transparency and verify the integrity of WBTC, reassuring users about the custodial reserves and token supply.

WBTC use cases

WBTC opens up numerous opportunities for Bitcoin holders within the DeFi ecosystem. Holders can leverage WBTC as collateral to borrow stablecoins or other digital assets, thus unlocking liquidity without selling their BTC holdings. WBTC can also be utilized in DEXs for trading against other ERC-20 tokens or providing liquidity in automated market makers (AMM). Additionally, WBTC enables BTC holders to access yield farming strategies and participate in decentralized lending platforms.

WBTC token distribution

WBTC's token distribution is primarily facilitated through approved custodians, who create new WBTC tokens in exchange for BTC deposits. These custodians undergo stringent compliance and security measures to ensure the safety of the underlying assets. The transparency and accountability of the custodian model offer reassurance to users, as the wrapped tokens are minted and redeemed based on verifiable reserves.

WBTC: Bridging the gap between Bitcoin and DeFi

Wrapped Bitcoin has emerged as a vital bridge between Bitcoin and the Ethereum-based DeFi ecosystem. By enabling Bitcoin's liquidity and value to flow seamlessly into DeFi applications, WBTC expands the capabilities and utility of BTC while maintaining its 1:1 peg. With a trusted custodian model, transparent tokenomics, and a growing range of use cases, WBTC continues to play a crucial role in unlocking the potential of both Bitcoin and DeFi.

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Wrapped Bitcoin FAQ

What is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) is an Ethereum-based token that serves as a representation of the value of Bitcoin on the Ethereum network. Created by custodians who hold Bitcoin reserves, WBTC is issued in a 1:1 ratio, enabling users to access and utilize Bitcoin's liquidity and value within the Ethereum and larger DeFi ecosystem.

What are the benefits of using WBTC tokens?

WBTC brings Bitcoin's liquidity and value to the Ethereum network, allowing users to access a wide range of DeFi protocols and applications. It enables BTC holders to participate in DeFi platforms, such as lending, borrowing, yield farming, and decentralized exchanges, while still retaining exposure to Bitcoin's value. WBTC bridges the gap between Bitcoin and Ethereum, enabling seamless movement of value and assets between the two major ecosystems.

Where can I buy WBTC tokens?

Easily buy WBTC tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include WBTC/USDT and WBTC/BTC.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for WBTC with zero fees and no price slippage by using OKX TR Convert.

How much is 1 Wrapped Bitcoin worth today?
Currently, one Wrapped Bitcoin is worth ₺3,689,271. For answers and insight into Wrapped Bitcoin's price action, you're in the right place. Explore the latest Wrapped Bitcoin charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Wrapped Bitcoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Wrapped Bitcoin have been created as well.
Will the price of Wrapped Bitcoin go up today?
Check out our Wrapped Bitcoin price prediction page to forecast future prices and determine your price targets.

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Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

WBTC calculator

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