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Wrapped Bitcoin

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About Wrapped Bitcoin (WBTC)

wBTC was a collaborative effort created by BitGo, Ren, and Kyber Network. wBTC is a wrapped version of BTC, which means that it is backed 1:1 with bitcoin. This wrapped token brings the value of bitcoin into the Ethereum ecosystem. wBTC can be traded on Decentralized Exchanges (DEXs) like Uniswap, and borrowed and lent on Compound and Aave. It also offers the possibility of bringing the value of bitcoin to any smart contract on Ethereum.

Token

wBTC is an ERC-20 wrapped version of bitcoin.

Supply

The supply of wBTC varies based on the balance of BTC held by all approved custodians. The supply of BTC is capped at 21M.

Compound website

Learn more about wBTC on Cryptopedia:

  1. wBTC: What Is Wrapped Bitcoin?
  2. wBTC: What Can You Do with Wrapped Bitcoin?
  3. Bitcoin on Ethereum: wBTC and tBTC
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The pricing data and asset description above are for general informational purposes only and are not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult with your own appropriately qualified and licensed advisors before engaging in any transaction on Gemini. Some data is provided by Messari, a third party that is not affiliated with Gemini.