Wrapped Bitcoin Trading Up 13.1% This Week (WBTC)

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

Here is how similar cryptocurrencies have performed during the last day:

  • Aidi Finance (BSC) (AIDI) traded 0.2% higher 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 down 0.1% 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.

About Wrapped Bitcoin

Wrapped Bitcoin launched 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. The official website for Wrapped Bitcoin 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 possible to buy alternative cryptocurrencies such as Wrapped Bitcoin directly using U.S. dollars. Investors seeking to acquire Wrapped Bitcoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Wrapped Bitcoin using one of the aforementioned exchanges.

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