Wrapped Bitcoin Price Hits $63,805.10 on Top Exchanges (WBTC)

Wrapped Bitcoin (WBTC) traded 0.4% higher against the U.S. dollar during the 1 day period ending at 8:00 AM Eastern on June 13th. One Wrapped Bitcoin token can now be bought for approximately $63,805.10 or 0.99823628 BTC on popular cryptocurrency exchanges. Over the last seven days, Wrapped Bitcoin has traded 5.1% higher against the U.S. dollar. Wrapped Bitcoin has a market cap of $8.00 billion and approximately $128.35 million worth of Wrapped Bitcoin was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.2% higher against the dollar and now trades at $63,841.55 or 0.99880649 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.4% higher against the dollar and now trades at $63,606.75 or 0.99868432 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Wrapped Bitcoin Token Profile

Wrapped Bitcoin’s launch date was January 30th, 2019. Wrapped Bitcoin’s total supply is 116,499 tokens and its circulating supply is 125,330 tokens. Wrapped Bitcoin’s official website is wbtc.network. Wrapped Bitcoin’s official message board is wbtc-network.medium.com. Wrapped Bitcoin’s official Twitter account is @wrappedbtc and its Facebook page is accessible here.

According to CryptoCompare, “Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers. To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user. GitHubWhitepaper”

Buying and Selling Wrapped Bitcoin

It is usually not possible to purchase alternative cryptocurrencies such as Wrapped Bitcoin directly using U.S. dollars. Investors seeking to trade Wrapped Bitcoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Wrapped Bitcoin using one of the aforementioned exchanges.

WBTC/USD price chart by TradingView