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Wrapped Bitcoin

WBTC
$66,745.32
24h-0.18%
7d+0.77%
30d-5.55%

Wrapped Bitcoin Price Performance

Low
High
$66,163.42
$66,869.51

Wrapped Bitcoin Key Metrics

Market cap
$7.95B
FDV
$7.95B
Volume (24h)
$5.92M
Vol/Mkt Cap (24h)
0.00%
Total supply
119.16K WBTC
Circulating supply
119.16K WBTC
Profile score
87%
Updated Apr 03, 2026Rank #257

WBTC to USD Converter

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Resources

Website
WebsiteWhitepaper
Socials
@WrappedBTC

Information

Repositories
WrappedBTC/bitcoin-token-smart-contractsWrappedBTC/DAOWrappedBTC/website
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Wrapped Bitcoin Overview

24h High
$66,869.51
24h Low
$66,163.42
24h Change
-0.18%
7d Change
+0.77%
30d Change
-5.55%
Volume 24h
$5.92M
Market Cap
$7.95B
Circulating Supply
119,158 WBTC

Wrapped Bitcoin News

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About Wrapped Bitcoin

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.

  1. Bitcoin Backing: WBTC is fully backed by Bitcoin, with a strict 1:1 ratio. Custodians securely hold the Bitcoin reserves to ensure equivalence.

  2. Ethereum Compatibility: WBTC adheres to the ERC20 token standard, making it compatible with all Ethereum wallets, decentralised exchanges (DEXs), and DeFi platforms.

  3. Transparency and Auditing: WBTC employs a fully transparent model where proof of reserves can be publicly audited. Minting and burning transactions are verifiable on-chain.

  4. Decentralised Governance: The WBTC DAO (Decentralised Autonomous Organisation) oversees the protocol’s governance, managing decisions such as onboarding custodians and merchants through a multi-signature contract.

  5. Cross-Chain Interoperability: Initially launched on Ethereum, WBTC is currently available on other networks, including Base, Kava, and Osmosis. This expansion enables Bitcoin holders to use WBTC across various ecosystems.

The wrapping process involves three stages: Receiving, Minting, and Burning.

  1. Receiving: Users request WBTC from a merchant. The merchant performs KYC and AML checks to verify the user’s identity. After verification, the user transfers Bitcoin to the merchant.

  2. Minting: The merchant transfers the Bitcoin to a custodian, who verifies the transaction. Once confirmed, the custodian mints an equivalent amount of WBTC on Ethereum and sends it to the merchant, who delivers it to the user.

  3. Burning: Users redeem their Bitcoin by initiating a burn request through a merchant. The merchant sends WBTC to the custodian, who burns the tokens on Ethereum and releases the corresponding amount of Bitcoin back to the merchant. This reduces the circulating supply of WBTC.

  1. Liquidity on Decentralised Exchanges (DEXs): WBTC allows Bitcoin liquidity to be used in Ethereum-based DEXs, enabling BTC trading pairs and improving market efficiency.

  2. Decentralised Finance (DeFi): WBTC is used in lending protocols, liquidity pools, and as collateral for stablecoins, enabling Bitcoin holders to participate in DeFi without selling their BTC.

  3. Smart Contracts and dApps: WBTC enables Bitcoin to interact with Ethereum’s programmable smart contracts and decentralised applications.

  4. Cross-Chain Usage: WBTC extends Bitcoin's functionality to other blockchain networks, including Base, Kava, and Osmosis, enabling broader utility across DeFi platforms.

WBTC was developed collaboratively by BitGo, Kyber Network, and Ren (formerly Republic Protocol).

  • BitGo: Serves as the custodian, securely storing the Bitcoin reserves backing WBTC tokens.
  • Kyber Network and Ren: Acted as initial merchants, facilitating the minting and burning processes and onboarding users.

Governance is managed by the WBTC DAO, a Decentralised Autonomous Organisation comprising multiple institutions. The DAO oversees decisions related to protocol development, such as adding or removing merchants and custodians.

Wrapped Bitcoin Markets

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Wrapped Bitcoin Platforms

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Wrapped Bitcoin Market Data

The live Wrapped Bitcoin price today is $66,745.32 USD with a 24-hour trading volume of $5,918,375.05 USD. We update our WBTC to USD price in real-time. Wrapped Bitcoin is down 0.18% in the last 24 hours.

The current market cap is $7,946,338,135.69 USD. The circulating supply is 119,158 WBTC.