WBTC
Wrapped Bitcoin
WBTC

Wrapped Bitcoin price

in USD
$114,741.4
-$2,122.61 (-1.82%)
USD
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Market cap
$14.57B
Circulating supply
127.04K / 127.04K
All-time high
$123,898.8
24h volume
$362.25M
4.0 / 5
WBTCWBTC
USDUSD

About Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is a cryptocurrency that brings the value and security of Bitcoin to the Ethereum blockchain. Think of it as a digital bridge: WBTC is backed 1:1 by Bitcoin, meaning for every WBTC in circulation, there’s an equivalent Bitcoin held in reserve. This allows WBTC to combine Bitcoin’s popularity as a store of value with Ethereum’s flexibility for decentralized applications (dApps). WBTC is primarily used in decentralized finance (DeFi), where users can lend, borrow, or trade it without relying on traditional banks. By making Bitcoin compatible with Ethereum’s ecosystem, WBTC opens up new opportunities for earning, trading, and participating in blockchain-based financial services. It’s a powerful tool for anyone looking to explore the best of both worlds.
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Wrapped Bitcoin’s price performance

Past year
+86.69%
$61.46K
3 months
+7.36%
$106.87K
30 days
-3.30%
$118.65K
7 days
-2.53%
$117.71K

Wrapped Bitcoin on socials

币圈晴格格 OpenLedger 🐙
币圈晴格格 OpenLedger 🐙
These 5 truths @PortaltoBitcoin can help you avoid many pitfalls if understood early on. The 5 points summarized by Portal are all hard truths learned by veteran players who have faced pitfalls, and each one hits home and is very useful. 1. Don't believe that "cross-chain bridges protect Bitcoin"—the more bridges there are, the higher the probability that Bitcoin is exposed to security risks. Numerous theft cases involving bridges have already proven this; if you want to deal with BTC, try to avoid taking the long route through bridges. 2. Managing your own wallet is not an "option"; it is fundamental to Web3—putting your assets in someone else's hands, whether it's a platform or a so-called "custodian," carries the risk of loss. Remember: if you don't hold the private keys, the assets are not yours. 3. Wrapped assets (like wBTC) and real Bitcoin are completely different—wrapped assets are "IOUs" (I Owe You), backed by the credit of the project team, while real BTC is native to the blockchain. The security and underlying logic of the two are vastly different; don't confuse them. 4. Liquidity should not rely on intermediaries—Web3's core principle is "trustlessness." When money goes through a third party, there’s an added layer of risk of being stuck or hacked. True safety comes from direct on-chain transactions without having to rely on others. 5. Cross-chain transactions (AMM) should be done in your own wallet—putting them on a custodial platform means giving up your trading rights. Directly operating in your wallet, with the private keys in your hands, is the only way to truly "call the shots." My deepest lesson was: in the early days, I opted for the convenience of custodial platforms, and later when the platform had issues, I almost couldn't withdraw my coins. That's when I realized that "self-custody" is not a hassle; it's a matter of survival. In Web3, the path that seems "convenient" often hides pitfalls; instead, the choice that is "a bit more troublesome but under your control" is the most stable. Thanks to @PortaltoBitcoin for the summary; it's very useful.
Portal
Portal
Things we know now at Portal, we wish the space knew on day 1: 1️⃣ Bridges don’t protect Bitcoin they expose it. 2️⃣ Self-custody isn’t negotiable. It’s the point. 3️⃣ Wrapped assets ≠ real assets. 4️⃣ Liquidity should move trustlessly, not through middlemen. 5️⃣ Cross-chain AMMs belong inside your wallet, not behind someone else’s custodian. What’s your biggest lesson in Web3 so far? 👇
1.38K
8
WBTC
WBTC
WBTC is 1:1 for BTC. That’s it. That’s the tweet.
5.17K
35
(Taco) Player1Taco.eth/.sol 🛡️ RareEvo 2025
(Taco) Player1Taco.eth/.sol 🛡️ RareEvo 2025
Dear @LayerBankFi, after almost 2 years of using you and paying more in fees than ever earning and your now 2 seasons worth of points that amount to nothing I am removing my liquidity and saying goodbye.... Sorry I was not more of an active user, I felt providing you liquidity on multiple chains to run your protocol was enough. Market is up, yet still down and nothing to show from it. Wish you the best, but disappointed you have done nothing to show appreciation. And just drag people on. Maybe if you quit depreciating assets like ETH and wBTC vaults people might stay. And freezing them.
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Wrapped Bitcoin FAQ

Wrapped Bitcoin (WBTC) is an Ethereum-based token that serves as a representation of the value of Bitcoin on the Ethereum network. Created by custodians who hold Bitcoin reserves, WBTC is issued in a 1:1 ratio, enabling users to access and utilize Bitcoin's liquidity and value within the Ethereum and larger DeFi ecosystem.

WBTC brings Bitcoin's liquidity and value to the Ethereum network, allowing users to access a wide range of DeFi protocols and applications. It enables BTC holders to participate in DeFi platforms, such as lending, borrowing, yield farming, and decentralized exchanges, while still retaining exposure to Bitcoin's value. WBTC bridges the gap between Bitcoin and Ethereum, enabling seamless movement of value and assets between the two major ecosystems.

Easily buy WBTC tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include WBTC/USDT and WBTC/BTC.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for WBTC with zero fees and no price slippage by using OKX Convert.

Currently, one Wrapped Bitcoin is worth $114,741.4. For answers and insight into Wrapped Bitcoin's price action, you're in the right place. Explore the latest Wrapped Bitcoin charts and trade responsibly with OKX.
Cryptocurrencies, such as Wrapped Bitcoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Wrapped Bitcoin have been created as well.
Check out our Wrapped Bitcoin price prediction page to forecast future prices and determine your price targets.

Dive deeper into Wrapped Bitcoin

The decentralized finance (DeFi) landscape has experienced a rapid surge in popularity, transforming the way we interact with traditional finance systems. Bitcoin (BTC), as the world's largest cryptocurrency by market capitalization, plays a vital role. Wrapped Bitcoin (WBTC) was introduced to provide users with access to Bitcoin's liquidity and benefits within the DeFi ecosystem.

What is Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is an Ethereum-based token designed to bring the liquidity and value of Bitcoin to the Ethereum network and the broader DeFi ecosystem. As an ERC-20 token pegged 1:1 to BTC, each WBTC represents an equivalent amount of BTC. This is made possible through a custodian model, where approved custodians hold the BTC in reserve. By wrapping BTC in an ERC-20 format, users gain access to the versatility of Ethereum and can seamlessly utilize BTC in a variety of DeFi applications.

The Wrapped Bitcoin team

The Wrapped Bitcoin project is a collaborative effort by several industry-leading players. The team behind WBTC comprises prominent organizations such as BitGo, Ren, and Kyber Network. BitGo acts as the primary custodian for Bitcoin reserves, ensuring the safety and integrity of the underlying assets. Ren facilitates the wrapping process, allowing BTC holders to convert their BTC into WBTC. Meanwhile, Kyber Network provides liquidity for WBTC, enabling seamless integration into the DeFi ecosystem.

How does Wrapped Bitcoin work

Wrapped Bitcoin (WBTC) operates through a network of reputable and audited custodians responsible for holding the Bitcoin reserves. To obtain WBTC, users send their BTC to one of these approved custodians, who then generate an equivalent amount of WBTC on the Ethereum network. Ren's decentralized custodial solution facilitates this wrapping process. WBTC can be redeemed for BTC at any time, with the corresponding amount of WBTC burned.

Wrapped Bitcoin’s native token: WBTC

WBTC is the native token of the Wrapped Bitcoin ecosystem. It functions as an ERC-20 token on the Ethereum blockchain, making it easily tradable and compatible with various decentralized exchanges (DEX), wallets, and decentralized applications (dApps). With WBTC, users can participate in DeFi protocols, including lending, borrowing, liquidity provision, and yield farming, while still maintaining exposure to Bitcoin's value.

WBTC tokenomics

The total supply of WBTC is determined by the number of BTC tokens held in secure custody. Each WBTC token in circulation represents an equivalent amount of BTC stored and accounted for. This 1:1 pegging mechanism ensures that the value of WBTC remains consistent with that of BTC. Regular audits conducted by third-party firms further enhance transparency and verify the integrity of WBTC, reassuring users about the custodial reserves and token supply.

WBTC use cases

WBTC opens up numerous opportunities for Bitcoin holders within the DeFi ecosystem. Holders can leverage WBTC as collateral to borrow stablecoins or other digital assets, thus unlocking liquidity without selling their BTC holdings. WBTC can also be utilized in DEXs for trading against other ERC-20 tokens or providing liquidity in automated market makers (AMM). Additionally, WBTC enables BTC holders to access yield farming strategies and participate in decentralized lending platforms.

WBTC token distribution

WBTC's token distribution is primarily facilitated through approved custodians, who create new WBTC tokens in exchange for BTC deposits. These custodians undergo stringent compliance and security measures to ensure the safety of the underlying assets. The transparency and accountability of the custodian model offer reassurance to users, as the wrapped tokens are minted and redeemed based on verifiable reserves.

WBTC: Bridging the gap between Bitcoin and DeFi

Wrapped Bitcoin has emerged as a vital bridge between Bitcoin and the Ethereum-based DeFi ecosystem. By enabling Bitcoin's liquidity and value to flow seamlessly into DeFi applications, WBTC expands the capabilities and utility of BTC while maintaining its 1:1 peg. With a trusted custodian model, transparent tokenomics, and a growing range of use cases, WBTC continues to play a crucial role in unlocking the potential of both Bitcoin and DeFi.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$14.57B
Circulating supply
127.04K / 127.04K
All-time high
$123,898.8
24h volume
$362.25M
4.0 / 5
WBTCWBTC
USDUSD
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