Wrapped Bitcoin price

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Wrapped Bitcoin price live data

The current price of Wrapped Bitcoin is $67,716.25. Since 00:00 UTC, Wrapped Bitcoin has decreased by -0.34%. It currently has a circulating supply of 155,285 WBTC and a maximum supply of 155,285 WBTC, giving it a fully diluted market cap of $10.52B. At present, Wrapped Bitcoin holds the 12 position in market cap rankings. The Wrapped Bitcoin/USD price is updated in real-time.

Wrapped Bitcoin price performance in USD

Time periodChange amount%Chg
Today-$227.67 -0.34%
7 days$2,319.25 +3.54%
30 days$940.85 +1.40%
3 months$16,101.65 +31.19%

Wrapped Bitcoin market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$66,283.81
Last price $67,716.25
24h high$70,189.58
Heat index ranking
Market cap ranking
Market cap
Favorited rate
Percentage of users who favorited this asset to all users
All-time high
-9.69% (-$7,262.25)
Mar 14, 2024 (2 months ago)
All-time low
+571.74% ($57,635.65)
Oct 2, 2020 (4 years ago)
ICO date
ICO price
The price at which this crypto was first traded
Circulating supply
The amount of this crypto that is publicly available in the market
155,285 WBTC
Market cap at circulating supply
Market cap = Circulating supply × Last price

About Wrapped Bitcoin (WBTC)

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.


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.

WBTC calculator
1 WBTC ≈ $67,716.25 USD