Coinbase Wrapped BTC

cbBTCCopy token address/WETH

#22
Price USD
$88,992.21
Price
29.3317 WETH
Liquidity
$454K
FDV
$2.49B
Mkt Cap
$6.64B
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Txns12,875
Volume$9.2M
Makers
3,059
Buys6,465
Sells6,410
Buy Vol$4.5M
Sell Vol$4.7M
Buyers1,910
Sellers1,704
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Pooled cbBTC3.10$276K
Pooled WETH58.64$177K
Pair
EXP
cbBTC
HLDEXP
WETH
HLDEXP
Go+ Security
2 issues
Quick Intel
3 issues
Token Sniffer
30/100
Honeypot.is
1 issue
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Coinbase Wrapped BTC

Coinbase Wrapped BTC ("cbBTC") is a token that is backed 1:1 by native Bitcoin (BTC) held by Coinbase, meaning that for all cbBTC in circulation, there is an equivalent amount of BTC held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbBTC, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbBTC and redeem a corresponding amount of the underlying BTC simply by depositing the cbBTC into their Coinbase accounts. cbBTC is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility. cbBTC removes a key point of friction by allowing customers to use Bitcoin they already hold in new ways onchain. cbBTC is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their Bitcoin as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbBTC are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.

cbBTC