$26 867
1H
0.09%$24.16
24H
-0.68%$184
7D
1.17%$311
30D
-1.44%$393
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.
With the SBI investment, Zodia Custody will increase its Japan presence amid increased demand for digital assets from institutional investors in the country.
As the crypto market continues to gain momentum, investors and enthusiasts are always looking for the next big thing.
The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M.
Wrapped Bitcoin and Uniswap tokens were created with two very different purposes, and their mandate goes beyond mere financial transactions.
BigCommerce is allowing its merchants to expand their payment options and widen their market share.