Wrapped Bitcoin (WBTC) Trading 1.8% Lower This Week

Wrapped Bitcoin (WBTC) traded down 2.1% against the dollar during the one day period ending at 8:00 AM Eastern on April 30th. Wrapped Bitcoin has a total market cap of $9.50 billion and $220.12 million worth of Wrapped Bitcoin was traded on exchanges in the last 24 hours. During the last seven days, Wrapped Bitcoin has traded 1.8% lower against the dollar. One Wrapped Bitcoin token can now be purchased for about $75,818.48 or 0.99719306 BTC on major exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 2.1% lower against the dollar and now trades at $75,675.80 or 0.99531645 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Wrapped Bitcoin

Wrapped Bitcoin’s genesis date was January 30th, 2019. Wrapped Bitcoin’s total supply is 118,389 tokens and its circulating supply is 125,330 tokens. Wrapped Bitcoin’s official Twitter account is @wrappedbtc and its Facebook page is accessible here. Wrapped Bitcoin’s official website is wbtc.network. The official message board for Wrapped Bitcoin is wbtc-network.medium.com.

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”

Buying and Selling Wrapped Bitcoin

It is usually not possible to purchase alternative cryptocurrencies such as Wrapped Bitcoin directly using U.S. dollars. Investors seeking to trade Wrapped Bitcoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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