Wrapped Bitcoin Trading Up 13.1% This Week (WBTC)

Wrapped Bitcoin (WBTC) traded up 2.3% against the U.S. dollar during the 1-day period ending at 17:00 PM ET on January 25th. One Wrapped Bitcoin token can now be bought for $23,343.63 or 0.99735587 BTC on popular cryptocurrency exchanges. Over the last week, Wrapped Bitcoin has traded up 13.1% against the U.S. dollar. Wrapped Bitcoin has a total market cap of $4.17 billion and $227.98 million worth of Wrapped Bitcoin was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Aidi Finance (BSC) (AIDI) traded up 0.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 3.5% against the dollar and now trades at $0.0613 or 0.00000260 BTC.
  • CareCoin (CARES) traded up 3.5% against the dollar and now trades at $0.0761 or 0.00000323 BTC.
  • OmniaVerse (OMNIA) traded 11.5% higher against the dollar and now trades at $0.0022 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded 3.5% higher against the dollar and now trades at $94.16 or 0.00399440 BTC.
  • Lunar (LNR) traded 3.9% lower against the dollar and now trades at $0.0280 or 0.00000119 BTC.
  • Hokkaidu Inu (HOKK) traded 4.3% higher against the dollar and now trades at $0.0006 or 0.00000002 BTC.
  • QANplatform (QANX) traded 3.5% higher against the dollar and now trades at $6,609.34 or 0.28037725 BTC.
  • 2G Carbon Coin (2GCC) traded 0.1% lower against the dollar and now trades at $135.45 or 0.00574597 BTC.
  • Lego Coin (LEGO) traded 2% lower against the dollar and now trades at $0.0406 or 0.00000173 BTC.

Wrapped Bitcoin Token Profile

Wrapped Bitcoin was first traded on November 27th, 2018. Wrapped Bitcoin’s total supply is 178,598 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 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”

Buying and Selling Wrapped Bitcoin

It is usually not currently possible to purchase alternative cryptocurrencies such as Wrapped Bitcoin directly using US dollars. Investors seeking to acquire Wrapped Bitcoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Wrapped Bitcoin using one of the exchanges listed above.

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