1H
0.84%$920
24H
0.38%$418
7D
-2.66%$3 020
30D
-9.74%$11 924
Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.
WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.
WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.
In this guide, we look at the pros and cons of automated trading while brushing on the benefits, risks involved, technical requirements, trading strategies, required trading skills and questions that need to be answered on the subject.
Are you looking to venture into the crypto space but concerned about the negative impact of the volatile nature of cryptocurrencies? Rebase tokens could be a better option to hedge against these concerns. Here’s a detailed guide to help you understand all you need to know about rebase tokens.