The current real-time price of XWBTC is $82,503. In the past 24 hours, XWBTC has traded between $81,795 and $94,842, showing strong market activity. The all-time high of XWBTC is $237.609K, and the all-time low is $37,042.
From a short-term perspective, the price change of XWBTC over the past 1 hour is , over the past 24 hours is -0.40%, and over the past 7 days is -8.50%. These figures provide a quick overview of the latest price trends and market dynamics of XWBTC on LBank.-13.03%
The live price of XWBTC today is $82,503, with a current market cap of $0. The 24-hour trading volume is 8K. The price of XWBTC to USD is updated in real time.
Before deciding whether to buy or sell XWBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s XWBTC 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 XWBTC.
How much will XWBTC be worth tomorrow, next week, or next month in ? What about your XWBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! XWBTC Price Prediction
To learn more about XWBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
XWBTC is a wrapped version of Bitcoin operating on the Radix network. Its primary purpose is to facilitate interoperability, allowing Bitcoin to be utilized within the Radix ecosystem through the services provided by Instabridge. This enables users to access Radix-based decentralized applications and services with their Bitcoin holdings.
Instabridge provides a mechanism for a 1:1 substitution between native Bitcoin and xBTC on the Radix Ledger. Users initiate this process by connecting both their Ethereum and Radix wallets. The service then facilitates the conversion, similar to how eXRD can be converted to XRD. This allows for a seamless transfer of value between the native Bitcoin blockchain and the Radix network.
For any wrapped asset, the trustworthiness of its backing is paramount. Instabridge states it employs reasonable endeavors to maintain adequate reserves of native tokens, in this case Bitcoin, to meet the demand for unwrapping xBTC. While the text emphasizes this commitment to a 1:1 backing, it does not specify the precise custody location or mechanisms for these reserves.
As with any wrapped asset, holding xwbtc involves several risks. These can include the security vulnerabilities inherent in the cross-chain bridge technology itself, potential risks associated with the custodian responsible for holding the native Bitcoin assets, and the evolving nature of regulatory changes that could impact wrapped tokens or the bridge service.
Instabridge is defined as a regulated cross-chain bridge service designed to enable token transfers between the Ethereum and Radix networks. It supports the wrapping of various assets, including Bitcoin, onto the Radix blockchain. Instabridge operates as a Virtual Asset Service Provider (VASP) and integrates with Instapass for Know Your Customer (KYC) verification, emphasizing compliance in its operations.
XWBTC tokens are available for trading and acquisition on decentralized exchanges within the Radix ecosystem. A notable platform where xwbtc can be traded is DefiPlaza (Radix). Users typically access these platforms by connecting their Radix-compatible wallets to engage in token swaps.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team
