Wrapped Bitcoin is now Ethereum's 6th Largest Token

Cointelegraph

Published Oct 30, 2020 12:52AM ET

Updated Oct 31, 2020 03:00AM ET

Wrapped Bitcoin (WBTC) reached all-time highs today in terms of market capitalization and number of tokens.

WBTC is the most popular version of Bitcoin tokenized for use on the Ethereum network. According to the official website, there currently is a record total of 116,885 WBTC, backed by an equal number of BTC held by custodians. The market cap of WBTC now tops $1.58 billion.

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