#35

Coinbase Wrapped BTC

CBBTC
0.99901914 BTC
$103.52K
24h: +1.35% 7d: +7.17%
All Time High $108.95K Jan 20, 2025
24h
$102.14K $104.91K
24h Volume $441.47M

Price Chart

About Coinbase Wrapped BTC

Coinbase Wrapped BTC ("cbBTC") is a token that is backed 1:1 by native Bitcoin (BTC) held by Coinbase, meaning that for all cbBTC in circulation, there is an equivalent amount of BTC held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbBTC, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbBTC and redeem a corresponding amount of the underlying BTC simply by depositing the cbBTC into their Coinbase accounts. cbBTC is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility. cbBTC removes a key point of friction by allowing customers to use Bitcoin they already hold in new ways onchain. cbBTC is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their Bitcoin as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbBTC are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.

Categories

Crypto-Backed Tokens Tokenized BTC Wrapped-Tokens Solana Ecosystem Arbitrum Ecosystem Ethereum Ecosystem Base Ecosystem

Market Data

Rank
#35
Market Cap
$4.7B
Volume
$441.47M
Circulating Supply
45.41K CBBTC
Total Supply
45.41K CBBTC
Max Supply
N/A

Additional Information

Genesis Date
24h Market Cap Change
$63.94M
24h Market Cap Change %
1.38%