Wrapped Bitcoin (WBTC) Price Tops $60,077.34 on Top Exchanges

Wrapped Bitcoin (WBTC) traded 0.6% lower against the dollar during the 24 hour period ending at 21:00 PM E.T. on September 14th. Wrapped Bitcoin has a market capitalization of $9.20 billion and $81.78 million worth of Wrapped Bitcoin was traded on exchanges in the last 24 hours. One Wrapped Bitcoin token can currently be bought for $60,077.34 or 0.99740982 BTC on popular exchanges. During the last seven days, Wrapped Bitcoin has traded up 10.9% against the dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0.4% higher against the dollar and now trades at $0.0493 or 0.00000082 BTC.
• P2P Solutions foundation (P2PS) traded 0.4% lower against the dollar and now trades at $156.73 or 0.00260198 BTC.

Wrapped Bitcoin Token Profile

Wrapped Bitcoin launched on November 27th, 2018. Wrapped Bitcoin’s total supply is 153,205 tokens. The official website for Wrapped Bitcoin is wbtc.network. Wrapped Bitcoin’s official Twitter account is @wrappedbtc and its Facebook page is accessible here.

According to CryptoCompare, “Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin on Ethereum. It enhances liquidity and enables Bitcoin’s use in DeFi. Managed by the WBTC DAO, it integrates with wallets, dapps, and smart contracts. WBTC is utilized for lending, borrowing, swapping, yield farming, and liquidity pools in Aave, Balancer, Compound, Kyber Network, MakerDAO, and Uniswap. WBTC was collaboratively launched in January 2019 by BitGo, Ren, Dharma, Kyber, Compound, MakerDAO, and Set Protocol. Merchants and custodians facilitate token minting and burning, with custodians storing BTC and performing transactions on Ethereum.”

Buying and Selling Wrapped Bitcoin

It is usually not possible to buy alternative cryptocurrencies such as Wrapped Bitcoin directly using U.S. dollars. Investors seeking to acquire Wrapped Bitcoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Wrapped Bitcoin using one of the aforementioned exchanges.

WBTC/USD price chart by TradingView