Wrapped Bitcoin Hits 24-Hour Trading Volume of $325.34 Million (WBTC)

Wrapped Bitcoin (WBTC) traded 0.6% lower against the U.S. dollar during the one day period ending at 13:00 PM ET on August 11th. One Wrapped Bitcoin token can now be bought for $60,218.54 or 1.00075601 BTC on popular cryptocurrency exchanges. Wrapped Bitcoin has a total market capitalization of $9.33 billion and approximately $325.34 million worth of Wrapped Bitcoin was traded on exchanges in the last day. Over the last week, Wrapped Bitcoin has traded up 3.1% against the U.S. dollar.

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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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 0.2% lower against the dollar and now trades at $0.0128 or 0.00000021 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 1% against the dollar and now trades at $0.0567 or 0.00000094 BTC.

About Wrapped Bitcoin

Wrapped Bitcoin launched on November 27th, 2018. Wrapped Bitcoin’s total supply is 154,988 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 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”

Wrapped Bitcoin Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Wrapped Bitcoin directly using US dollars. Investors seeking to acquire Wrapped Bitcoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, 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