Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers.
To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user.
Market share
0.41%
Proof type
—
24h Open
$19,395.34
24h Low
$18,948.41
24h High
$19,483.29
Price in BTC
0.99841869218675 BTC
Current Supply
260,389 WBTC
Market cap
$5,001,893,888
24h Volume (coin)
1,029 WBTC
24h Volume (currency)
$19,771,360
24h Total volume (coin)
1,541 WBTC
24h Total volume (currency)
$29.59M
Last updated
2022-07-02 21:08:29 +01:00 BST
Date
Price
Volume
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