Wrapped Bitcoin (CRYPTO: WBTC)
Key Data Points
Wrapped Bitcoin Return vs. S&P
| 1 Year | 5 Year | 5 Year Annualized | Since IPO |
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Wrapped Bitcoin Company Info
Wrapped Bitcoin (WBTC) is an ERC20 token on Ethereum, backed 1:1 by Bitcoin (BTC). Launched in January 2019, it bridges Bitcoin's liquidity into Ethereum's ecosystem, enabling its use in decentralised applications (dApps), decentralised exchanges (DEXs), and DeFi protocols. WBTC tokens are fully backed by Bitcoin held securely by custodians, with all transactions and reserves transparently auditable on-chain. The wrapping process involves three stages: receiving, minting, and burning, ensuring seamless conversion between Bitcoin and WBTC. Initially created by BitGo, Kyber Network, and Ren, WBTC is governed by the WBTC DAO, a decentralised organisation overseeing merchants and custodians. WBTC is compatible with Ethereum wallets and dApps and supports cross-chain interoperability, being available on Ethereum, Base, Kava, and Osmosis. Its primary use cases include providing liquidity to DEXs, enabling DeFi participation, and facilitating Bitcoin's integration with smart contracts.
News & Analysis
Is Wrapped Bitcoin a Riskier Investment Than Bitcoin?
The Wrapped Bitcoin token combines key features from the two largest cryptocurrencies in a single package. Most people don't need to own it.
Is Wrapped Bitcoin a Screaming Buy Right Now?
One chart shows a significant price difference between this advanced cryptocurrency and its underlying Bitcoin tokens. Right?
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