Wrapped Bitcoin (WBTC) Market Capitalization Achieves $10.14 Billion

Wrapped Bitcoin (WBTC) traded up 1.1% against the dollar during the 24 hour period ending at 18:00 PM Eastern on October 20th. One Wrapped Bitcoin token can now be purchased for $68,867.16 or 0.99656155 BTC on popular cryptocurrency exchanges. Wrapped Bitcoin has a total market cap of $10.14 billion and $148.09 million worth of Wrapped Bitcoin was traded on exchanges in the last day. During the last week, Wrapped Bitcoin has traded up 9.7% against the dollar.

Here’s how other cryptocurrencies have performed during 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 2.2% lower 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 1.2% higher 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.
• Lumi Credits (LUMI) traded 8.9% higher 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.
• MVP Coin (MVP) traded up 1.8% against the dollar and now trades at $0.0801 or 0.00000116 BTC.
• P2P Solutions foundation (P2PS) traded up 3.5% against the dollar and now trades at $176.90 or 0.00255988 BTC.

About Wrapped Bitcoin

Wrapped Bitcoin launched on November 27th, 2018. Wrapped Bitcoin’s total supply is 147,295 tokens. 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 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.”

Wrapped Bitcoin Token Trading

It is usually not currently 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Wrapped Bitcoin using one of the exchanges listed above.

WBTC/USD price chart by TradingView