Coinbase Wrapped Staked ETH Trading Up 5.8% This Week (CBETH)

Coinbase Wrapped Staked ETH (CBETH) traded 5.7% higher against the U.S. dollar during the 24 hour period ending at 11:00 AM Eastern on December 4th. In the last seven days, Coinbase Wrapped Staked ETH has traded 5.8% higher against the U.S. dollar. One Coinbase Wrapped Staked ETH token can now be purchased for about $4,079.17 or 0.04298452 BTC on major exchanges. Coinbase Wrapped Staked ETH has a total market capitalization of $680.38 million and approximately $5.40 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• 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 down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.5% against the dollar and now trades at $94,958.76 or 1.00063343 BTC.
• SolvBTC (SOLVBTC) traded 0.2% lower against the dollar and now trades at $94,609.73 or 0.99695545 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Coinbase Wrapped Staked ETH Profile

Coinbase Wrapped Staked ETH was first traded on August 23rd, 2022. Coinbase Wrapped Staked ETH’s total supply is 373,734 tokens and its circulating supply is 166,793 tokens. Coinbase Wrapped Staked ETH’s official website is www.coinbase.com/price/coinbase-wrapped-staked-eth. Coinbase Wrapped Staked ETH’s official Twitter account is @coinbaseassets and its Facebook page is accessible here.

According to CryptoCompare, “CBETH is a token that represents staked ETH on the Ethereum 2.0 network. It allows users to participate in staking without having to lock up their ETH or run a validator node. CBETH can be traded on DeFi platforms and used as collateral for lending and borrowing. CBETH was created by Coinbase, a cryptocurrency exchange platform. It can be used to participate in Ethereum 2.0 staking indirectly, trade on DeFi platforms, use as collateral for lending and borrowing, and enhance liquidity in the Ethereum ecosystem. CBETH is a wrapped token, which means that it is backed by a certain amount of ETH. When you purchase CBETH, you are essentially buying a claim to a portion of the ETH that has been staked on the Ethereum 2.0 network. You will receive staking rewards proportional to your CBETH holdings.”

Buying and Selling Coinbase Wrapped Staked ETH

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

CBETH/USD price chart by TradingView