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CBBTC
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$ 62084.99
Coinbase Wrapped BTC is a tokenized version of Bitcoin (BTC) issued by Coinbase that operates on the Ethereum blockchain. Read More
Coinbase Wrapped BTC is a tokenized version of Bitcoin (BTC) issued by Coinbase that operates on the Ethereum blockchain. It is designed to bring Bitcoin's value into the decentralized finance (DeFi) ecosystem by providing a fully-backed, ERC-20 compliant representation of Bitcoin. Each Wrapped BTC is pegged 1:1 with Bitcoin and can be redeemed for the equivalent amount of BTC at any time. This token facilitates the integration of Bitcoin with Ethereum-based applications and smart contracts, allowing users to leverage Bitcoin's liquidity and security within the broader DeFi landscape, thereby enhancing its utility and accessibility in various decentralized protocols.