Wrapped Bitcoin Price Tops $78,637.07 on Major Exchanges (WBTC)

Wrapped Bitcoin (WBTC) traded up 0.3% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on May 4th. Wrapped Bitcoin has a market cap of $9.86 billion and approximately $250.20 million worth of Wrapped Bitcoin was traded on exchanges in the last 24 hours. One Wrapped Bitcoin token can currently be purchased for approximately $78,637.07 or 0.99783886 BTC on major cryptocurrency exchanges. Over the last seven days, Wrapped Bitcoin has traded 1.3% higher against the U.S. dollar.

Here’s how similar 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 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 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.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.9% higher against the dollar and now trades at $79,784.68 or 0.99836152 BTC.
• SolvBTC (SOLVBTC) traded up 0.7% against the dollar and now trades at $79,081.58 or 1.00347944 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Wrapped Bitcoin Token Profile

Wrapped Bitcoin launched on January 30th, 2019. Wrapped Bitcoin’s total supply is 118,197 tokens and its circulating supply is 125,330 tokens. Wrapped Bitcoin’s official website is wbtc.network. 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.

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 possible to buy alternative cryptocurrencies such as Wrapped Bitcoin directly using U.S. dollars. Investors seeking to trade Wrapped Bitcoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. 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