Wrapped Bitcoin (WBTC) Price Tops $27,279.73

Wrapped Bitcoin (WBTC) traded up 0.5% against the U.S. dollar during the 24 hour period ending at 18:00 PM ET on March 18th. Wrapped Bitcoin has a market cap of $4.10 billion and approximately $395.45 million worth of Wrapped Bitcoin was traded on exchanges in the last 24 hours. During the last seven days, Wrapped Bitcoin has traded up 32.9% against the U.S. dollar. One Wrapped Bitcoin token can now be purchased for about $27,279.73 or 1.00048346 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded down 0.3% against the dollar and now trades at $0.43 or 0.00001562 BTC.
• Aidi Finance (BSC) (AIDI) traded 1.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 0.3% against the dollar and now trades at $0.0676 or 0.00000247 BTC.
• CareCoin (CARES) traded up 0.3% against the dollar and now trades at $0.0839 or 0.00000307 BTC.
• OmniaVerse (OMNIA) traded up 22.3% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 0.3% higher against the dollar and now trades at $100.27 or 0.00366994 BTC.
• FEG Token (FEG) traded 0.3% higher against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded up 0.9% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 0.3% higher against the dollar and now trades at $7,287.93 or 0.26674403 BTC.
• Lego Coin (LEGO) traded up 27.4% against the dollar and now trades at $0.0179 or 0.00000066 BTC.

Wrapped Bitcoin Token Profile

Wrapped Bitcoin launched on November 27th, 2018. Wrapped Bitcoin’s total supply is 150,251 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.”

Wrapped Bitcoin Token Trading

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

WBTC/USD price chart by TradingView