Coinbase Wrapped Staked ETH (CBETH) Reaches 1-Day Volume of $1.75 Million

Coinbase Wrapped Staked ETH (CBETH) traded down 1.5% against the US dollar during the 24 hour period ending at 12:00 PM E.T. on November 1st. Coinbase Wrapped Staked ETH has a total market cap of $490.09 million and $1.75 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last 24 hours. Over the last seven days, Coinbase Wrapped Staked ETH has traded down 0.7% against the US dollar. One Coinbase Wrapped Staked ETH token can now be bought for $2,722.16 or 0.03881475 BTC on major exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.5% against the dollar and now trades at $70,161.12 or 1.00041543 BTC.
• SolvBTC (SOLVBTC) traded down 0.6% against the dollar and now trades at $70,080.77 or 0.99926972 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Coinbase Wrapped Staked ETH

Coinbase Wrapped Staked ETH’s genesis date was August 23rd, 2022. Coinbase Wrapped Staked ETH’s total supply is 373,734 tokens and its circulating supply is 180,037 tokens. Coinbase Wrapped Staked ETH’s official Twitter account is @coinbaseassets and its Facebook page is accessible here. The official website for Coinbase Wrapped Staked ETH is www.coinbase.com/price/coinbase-wrapped-staked-eth.

According to CryptoCompare, “CBETH is a token that represents staked ETH on the Ethereum 2.0 network. It allows users to participate in staking without having to lock up their ETH or run a validator node. CBETH can be traded on DeFi platforms and used as collateral for lending and borrowing. CBETH was created by Coinbase, a cryptocurrency exchange platform. It can be used to participate in Ethereum 2.0 staking indirectly, trade on DeFi platforms, use as collateral for lending and borrowing, and enhance liquidity in the Ethereum ecosystem. CBETH is a wrapped token, which means that it is backed by a certain amount of ETH. When you purchase CBETH, you are essentially buying a claim to a portion of the ETH that has been staked on the Ethereum 2.0 network. You will receive staking rewards proportional to your CBETH holdings.”

Coinbase Wrapped Staked ETH Token Trading

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

CBETH/USD price chart by TradingView