API ID:
wrapped-bitcoin
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
WBTC
Token
Backed 1:1 by BTC held in reserve
Wrapped token
January 2019
Wrapped Bitcoin
Wrapped Bitcoin (WBTC) is Bitcoin turned into a token on Ethereum. Each WBTC is backed 1:1 by real Bitcoin held in reserve. This lets Bitcoin holders use their BTC in Ethereum’s DeFi apps—like lending, borrowing, and yield farming—while still keeping the value of Bitcoin. WBTC brings Bitcoin’s liquidity into Ethereum’s ecosystem.
A Deeper Dive
Technology & Use Case
WBTC is an ERC-20 token on Ethereum, pegged to Bitcoin. For every WBTC in circulation, one BTC is locked by companies like BitGo (US based company that provides crypto custody, security, and financial services). This tokenized form allows Bitcoin to be traded, lent, or used in Ethereum-based dApps, giving BTC holders access to DeFi without selling their Bitcoin.
Origins & Team
WBTC launched in January 2019 as a joint project by BitGo, Kyber Network, and Ren. It was created to solve the problem of Bitcoin being isolated from Ethereum’s booming DeFi world. Custodians manage BTC reserves transparently, with balances verifiable on-chain.
Ecosystem & Partnerships
As a bridge between Bitcoin and Ethereum, WBTC is widely integrated across DeFi platforms like Aave, Compound, and Uniswap. It allows BTC to earn yield, provide liquidity, or be used as collateral. The WBTC DAO oversees governance, with over a dozen members from major DeFi projects.
A Deeper Dive
Popular Exchanges
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