The current real-time price of WBTC is $88,530. In the past 24 hours, WBTC has traded between $87,464.86 and $89,976.18, showing strong market activity. The all-time high of WBTC is $125.932K, and the all-time low is $3,139.17.
From a short-term perspective, the price change of WBTC over the past 1 hour is , over the past 24 hours is -0.54%, and over the past 7 days is -1.32%. These figures provide a quick overview of the latest price trends and market dynamics of WBTC on LBank.-2.35%
The live price of WBTC today is $88,530, with a current market cap of $11.063B. The 24-hour trading volume is 184M. The price of WBTC to USD is updated in real time.
Before deciding whether to buy or sell WBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WBTC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WBTC.
How much will WBTC be worth tomorrow, next week, or next month in ? What about your WBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WBTC Price Prediction
To learn more about WBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x5ee5...ec6de8  | 41,012 | 32.82% |
ethereum | 0xa3a7...d60eec | 8,119 | 6.5% |
ethereum | 0xbbbb...eeffcb | 5,559 | 4.45% |
ethereum | 0xc3d6...84cdc3 | 4,858 | 3.89% |
ethereum | 0x3ee1...8fa585 | 4,044 | 3.24% |
Other | 61,371.43 | 49.11% |
Wrapped Bitcoin (WBTC) is an ERC-20 token on the Ethereum blockchain that is backed 1:1 by native Bitcoin. It acts as a bridge, allowing Bitcoin holders to access the Decentralized Finance (DeFi) ecosystem. By using WBTC, users can engage in lending, borrowing, and yield farming on Ethereum-compatible networks while maintaining exposure to the value of Bitcoin.
To wrap Bitcoin, a user sends native BTC to an authorized merchant. The merchant performs compliance checks and triggers a custodian to lock the BTC and mint an equivalent amount of WBTC to the user’s wallet. To unwrap, the user sends WBTC back to a merchant to initiate a 'burn.' The custodian then releases the original BTC to the user’s Bitcoin address. This process ensures the 1:1 peg is maintained through a strictly managed mint-and-burn mechanism.
In late 2024, WBTC transitioned from a single-custodian model to a joint venture involving multiple entities across different jurisdictions. To enhance security and address centralization concerns, a geographically distributed multi-signature setup was implemented. Private keys are now held by three different parties: BitGo Inc. (USA), BitGo Singapore, and BiT Global (Hong Kong). Under this 2-of-3 multi-sig model, no single entity can unilaterally access the Bitcoin reserves, providing a layer of protection against internal and external threats.
WBTC utilizes an 'On-chain Proof of Reserve' system to provide full transparency. Users can independently verify that the total amount of WBTC in circulation matches the amount of native Bitcoin held in custodial addresses. This verification can be performed by visiting the official WBTC Network Dashboard, which provides real-time data on the underlying assets. This mechanism ensures that the token remains fully collateralized and that the 1:1 backing is publicly auditable at any time.
Certain decentralized protocols, such as Sky (formerly MakerDAO), have moved to offboard WBTC due to perceived counterparty risks associated with recent changes in its custody management. The community voiced concerns regarding the transparency and track record of new entities involved in the joint venture. Consequently, these protocols are reducing their exposure to WBTC to prioritize ecosystem security, leading users to explore alternative wrapped Bitcoin assets that utilize different decentralization or custodial models.
Holding WBTC involves three main categories of risk. Custodial Risk stems from the need to trust third-party entities to safeguard the physical Bitcoin. Smart Contract Risk involves potential vulnerabilities in the ERC-20 contract on the Ethereum network that could be exploited. Lastly, Governance Risk refers to potential changes in the managing joint venture or regulatory shifts in the jurisdictions where the private keys are held, which could impact the token's redemption process or general utility.
Time (UTC+8) | Type | News |
|---|---|---|
01-15 23:09:15 | Market Information | Wrapped Bitcoin (WBTC) recently saw a crypto whale sell 300 WBTC at a significant $39 million loss to repay a leveraged loan, underscoring market volatility. On a positive note, Hedera integrated WBTC to expand Bitcoin DeFi for its users. However, Coinbase announced its plan to delist WBTC trading in December, potentially impacting liquidity. This unfolds amidst ongoing ownership drama and increased competition, prompting concerns from DeFi protocols like MakerDAO, which are reconsidering their exposure to the asset. Rivals are actively seeking to capitalize on these shifts in the roughly $9 billion market. |
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