Wrapped Bitcoin (WBTC) One Day Volume Reaches $376.71 Million

Wrapped Bitcoin (WBTC) traded up 3.9% against the US dollar during the one day period ending at 18:00 PM E.T. on October 29th. Over the last week, Wrapped Bitcoin has traded up 7.4% against the US dollar. One Wrapped Bitcoin token can currently be bought for $72,463.43 or 0.99543113 BTC on popular exchanges. Wrapped Bitcoin has a market capitalization of $10.66 billion and $376.71 million worth of Wrapped Bitcoin was traded on exchanges in the last day.

Here is how related 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 2.2% lower 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% 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 3.5% higher against the dollar and now trades at $72,208.74 or 0.99193239 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 3.2% against the dollar and now trades at $71,950.48 or 0.98838463 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Wrapped Bitcoin

Wrapped Bitcoin’s launch date was November 27th, 2018. Wrapped Bitcoin’s total supply is 147,164 tokens. The official website for Wrapped Bitcoin is wbtc.network. Wrapped Bitcoin’s official Twitter account is @wrappedbtc and its Facebook page is accessible here.

According to CryptoCompare, “Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin on Ethereum. It enhances liquidity and enables Bitcoin’s use in DeFi. Managed by the WBTC DAO, it integrates with wallets, dapps, and smart contracts. WBTC is utilized for lending, borrowing, swapping, yield farming, and liquidity pools in Aave, Balancer, Compound, Kyber Network, MakerDAO, and Uniswap. WBTC was collaboratively launched in January 2019 by BitGo, Ren, Dharma, Kyber, Compound, MakerDAO, and Set Protocol. Merchants and custodians facilitate token minting and burning, with custodians storing BTC and performing transactions on Ethereum.”

Buying and Selling Wrapped Bitcoin

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

WBTC/USD price chart by TradingView