Wrapped Bitcoin Self Reported Market Capitalization Tops $11.03 Billion (WBTC)

Wrapped Bitcoin (WBTC) traded up 1.2% against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on December 19th. Wrapped Bitcoin has a market cap of $11.03 billion and $682.90 million worth of Wrapped Bitcoin was traded on exchanges in the last day. In the last week, Wrapped Bitcoin has traded down 4.5% against the U.S. dollar. One Wrapped Bitcoin token can currently be purchased for $88,028.53 or 0.99703733 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last day:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.1% higher against the dollar and now trades at $88,007.39 or 0.99679791 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Wrapped Bitcoin Token Profile

Wrapped Bitcoin was first traded on January 30th, 2019. Wrapped Bitcoin’s total supply is 125,331 tokens and its circulating supply is 125,330 tokens. Wrapped Bitcoin’s official message board is wbtc-network.medium.com. Wrapped Bitcoin’s official Twitter account is @wrappedbtc and its Facebook page is accessible here. Wrapped Bitcoin’s official website is wbtc.network.

According to CryptoCompare, “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.GitHubWhitepaper”

Wrapped Bitcoin Token Trading

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

WBTC/USD price chart by TradingView