Wrapped Bitcoin (WBTC)

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About

wBTC is a BTC-backed ERC20 token. Each wBTC in circulation is backed 1:1 by Bitcoin and is held in cold storage by BitGo, the first qualified custodian purpose-built for storing digital assets. Additionally, the ledger is publicly viewable to maintain transparency and enable trust in the network.

Why WBTC?

wBTC provides traders, institutions, and dapps a bridge to the Ethereum network while maintaining exposure to Bitcoin. Wrapping the asset enables token holders to participate in Defi and program smart contracts.

OTC Available

24/7 WBTC API

For institutional traders and Market-Makers, swap instantly BTC for WBTC -and vice versa- without ever having to login to your CoinList account.

Token Features

Usability

The ERC20 standard has been widely adopted by the Ethereum community and provides access to a variety of decentralized exchanges, wallets, and dApps. wBTC brings Bitcoin’s liquidity to DEXs and makes it possible to use Bitcoin directly in ETH-based smart contracts to trade, lend, and collateralize.

Interoperability Between Cryptocurrencies

wBTC standardizes Bitcoin to the ERC20 format, allowing Bitcoin to be used in any Ethereum smart contract.

Increased Transaction Speed

Tokenization of BTC using the Ethereum blockchain allows for an increased speed of verified transactions.

Use your freshly minted WBTC to earn interest on your BTC via Compound. Or send it to your favorite DeFi exchange to trade it for another ERC-20.

Links

Website - Whitepaper - Twitter - CoinList on WBTC

With Fast BTC to WBTC wrapping, Coinlist has delivered the final puzzle piece in closing the liquidity loop between many cefi and defi products. I'm excited to see them onboard a host of new users to Ethereum’s decentralized finance ecosystem!

Benedict Chan

CTO at

Recent News

Wrapped Bitcoin The Cointelegraph Wrapped Bitcoin

Phoenix Global token soars by 5,600% in just four minutes — But there's a catch

Nov 05 · The Cointelegraph · Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 on Nov. 5, with its volume dropping surprisingly — from $3.79 million to around $777,680 in the same period.

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Wrapped Bitcoin Coin Telegraph Wrapped Bitcoin

Phoenix Global token soars by 5,600% in just four minutes — But there's a catch

Nov 05 · Coin Telegraph · Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 Friday, with its volume surprisingly dropping from $3.79 million to around $777,680 in the same period.

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Wrapped Bitcoin Coin Telegraph Wrapped Bitcoin

wXRP to launch on the Ethereum blockchain in December

Nov 03 · Coin Telegraph · If all goes to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com.

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Wrapped Bitcoin The Cointelegraph Wrapped Bitcoin

Mono X launches mainnet on Ethereum and Polygon

Oct 20 · The Cointelegraph · Automated market maker (AMM) MonoX has announced the official launch of its mainnet platform, offering investors a full complement of swap and liquidity capabilities on the Ethereum and Polygon blockchain networks.

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