Wrapped Bitcoin (WBTC) Price, Live Chart, and News – Complete Guide

Overview of Wrapped Bitcoin (WBTC)

Wrapped Bitcoin (WBTC) is an ERC-20 token launched in 2019, representing Bitcoin (BTC) on the Ethereum blockchain. It enables BTC holders to participate in Ethereum’s decentralized finance (DeFi) ecosystem while maintaining 1:1 backing with Bitcoin.

Key Statistics (Updated July 4, 2025)

• Current Price: $108,913.09 USD
• 24h Change: -0.71% ($773.79 decrease)
• Circulating Supply: 129,018.24 WBTC
• Market Cap: $14.05 Billion
• Rank: #13 on CoinMarketCap
• 24h Trading Volume: $221.26 Million

👉 Track WBTC’s real-time price movements

How WBTC Works

Tokenization Process

1. Deposit BTC: Users send Bitcoin to a custodian (e.g., BitGo).
2. Mint WBTC: An equivalent amount of WBTC is issued on Ethereum.
3. Use in DeFi: WBTC can be traded, lent, or used as collateral.
4. Redeem BTC: WBTC is burned to reclaim the original BTC.

Advantages

• DeFi Integration: Compatible with Uniswap, Aave, and Compound.
• Liquidity: Bridges Bitcoin’s liquidity to Ethereum-based platforms.
• Transparency: Audited reserves ensure 1:1 backing.

WBTC Price History

• All-Time High: $67,011.00 (November 16, 2021)
• All-Time Low: $3,330.12 (February 6, 2019)

Live price chart available on CoinMarketCap.

FAQs About Wrapped Bitcoin

1. What is WBTC used for?

WBTC allows Bitcoin holders to:

• Participate in DeFi protocols (e.g., yield farming).
• Trade on DEXs like Uniswap.
• Use as collateral for loans.

2. Who created WBTC?

WBTC was developed collaboratively by:

• BitGo (custodian).
• Kyber Network (liquidity provider).
• Ren (interoperability solutions).

3. Is WBTC safe?

Yes, WBTC is secured by Ethereum’s blockchain and audited for 1:1 BTC reserves.

👉 Learn how to stake WBTC for rewards

Where to Buy WBTC

Major exchanges supporting WBTC include:

1. Binance
2. OKX
3. Huobi Global
4. Uniswap (DEX)

WBTC Market Trends

• Recent News:

  • 21.co partnered with Crypto.com to enhance WBTC liquidity (October 2024).
  • Whales deposited $23.54M WBTC to Bitfinex (April 2024).

Conclusion

WBTC merges Bitcoin’s value with Ethereum’s DeFi capabilities, offering flexibility for traders and investors. Always verify transactions through official WBTC networks.

Disclaimer: Cryptocurrency investments carry risks. Conduct independent research before trading.

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