Coinbase Wrapped BTCCBBTC Price Today
0.10%
Coinbase Wrapped BTC (CBBTC) Price Overview
As of now Coinbase Wrapped BTC CBBTC is trading at $114.4K, reflecting a 0.10% increase over the past 24 hours.
The 24-hour trading volume for CBBTC is $31.6M, an increase of 0.17% from yesterday.
Its current market capitalization is approximately $405.3M. Liquidity across major Solana DEXes is currently at $38.4M.
CBBTC is actively traded in Solflare wallet. The token is verified according to Solana's token registry. This token can be swapped instantly on Solflare for any other supported asset. You can also set advanced limit orders for this token directly within the Solflare wallet, allowing you to automate trades based on your chosen price targets.
Coinbase Wrapped BTC (CBBTC) is a Solana-based token that is also regarded as an altcoin in the broader cryptocurrency market. Whether used as a stable asset or a tradable cryptocurrency, this altcoin benefits from Solana's high-performance blockchain, giving traders and investors access to fast transactions and low fees.
Market Data
Market Cap
Volume 24h
0.17%FDV
Liquidity
Circulating Supply
About Coinbase Wrapped BTC CBBTC
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.
Website
X
