Wrapped Bitcoin
WBTC
The current value of Wrapped Bitcoin is , a change from 24 hours ago.
About
The Ethereum token Wrapped Bitcoin (WBTC) allows bringing Bitcoin onto the Ethereum blockchain. It is not Bitcoin itself but a separate ERC-20 token representing the value of Bitcoin. WBTC aims to provide Bitcoin holders access to DeFi apps popular on the Ethereum blockchain. Through a WBTC partner, Bitcoin can be exchanged for Wrapped Bitcoin and vice versa. The BTC underlying WBTC is verifiable through a "Proof-of-Reserve" system, confirming that each minted WBTC token is backed by exactly one Bitcoin held in custody. The maintenance of WBTC is overseen by a group called WBTC DAO, consisting of over 30 members. The token was originally launched by BitGo, Ren, and Kyber.
The Ethereum token Wrapped Bitcoin (WBTC) allows bringing Bitcoin onto the Ethereum blockchain. It is not Bitcoin itself but a separate ERC-20 token representing the value of Bitcoin. WBTC aims to provide Bitcoin holders access to DeFi apps popular on the Ethereum blockchain. Through a WBTC partner, Bitcoin can be exchanged for Wrapped Bitcoin and vice versa. The BTC underlying WBTC is verifiable through a "Proof-of-Reserve" system, confirming that each minted WBTC token is backed by exactly one Bitcoin held in custody. The maintenance of WBTC is overseen by a group called WBTC DAO, consisting of over 30 members. The token was originally launched by BitGo, Ren, and Kyber.
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