BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

BITCOIN

₹62,13,797.43

4.644%

ETHEREUM

₹3,26,354.14

2.675%

TETHER USDT

₹93.06

0.069%

BNB

₹55,318.21

4.117%

SOLANA

₹15,776.12

6.801%

USDC

₹93.00

0.001%

XRP

₹53.32

1.319%

DOGECOIN

₹11.72

5.447%

CARDANO

₹40.82

3.572%

TRON

₹12.53

0.233%

AVALANCHE

₹2,625.61

4.028%

SHIBA INU

₹0.001661

3.241%

POLKADOT

₹591.17

4.261%

CHAINLINK

₹1,309.57

3.439%

BITCOIN CASH

₹36,472.38

2.198%

NEAR PROTOCOL

₹598.78

6.544%

LITECOIN

₹6,847.55

2.706%

PEPE

₹0.001182

9.614%

POLYGON

₹49.54

3.095%

UNISWAP

₹743.84

2.086%

Home

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Coins

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Wrapped-bitcoin

WBTC

Wrapped Bitcoin

WBTC

₹62,07,055.29

LIVE

24H Low ₹59,03,733.93

24H High ₹62,41,842.87

Price of WBTC today

The current live price of WBTC today is ₹62,07,055.29, with a 24-hour trading volume of ₹26,82,19,20,298.02. Our WBTC to INR price is updated in real-time. WBTC has seen a increment of 4.28% in the last 24 hours. With a live market cap of ₹9,61,40,02,98,994.80 , the circulating supply is at 154,782 WBTC coins, with a maximum supply of 154,782WBTC coins.

Wrapped Bitcoin Price History

Date ComparisonAmount Change% Change
Today₹2,84,756.70

4.8%

7 Days₹8,23,430.37

15.28%

30 Days₹48,549.72

0.79%

1 Year₹34,38,692.67

124.02%

Wrapped Bitcoin Price Information

Price Change (1hr)

4.31%

Price Change (24hr)

4.8%

Price Change (7d)

15.28%

Wrapped Bitcoin Market Stats

Market Cap

₹9,61,40,02,98,994.80

Fully Diluted Market Cap

₹9,61,40,02,98,994.80

24hr Volume

₹26,82,19,20,298.02

22.11%

Circulating Supply

154782.19 WBTC

Total Supply

154782.19 WBTC

Things to know about Wrapped Bitcoin

What is the token?

  • Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin on the Ethereum blockchain.

  • Allows Bitcoin holders to participate in Ethereum's DeFi ecosystem without selling BTC.

  • WBTC is backed 1:1 by Bitcoin, enabling users to deposit BTC and receive WBTC for use in Ethereum.

  • Facilitates the reverse conversion from WBTC back to BTC.

Tokenomics

  • 1:1 backing by Bitcoin, with each WBTC directly correlated to an equivalent amount of BTC held by custodians.

  • The circulating supply of WBTC is 157,914 tokens, mirroring the amount of BTC wrapped.

Market Data

As of today #{today’s date}, the price of Wrapped Bitcoin is ₹62,07,055.29 INR or 66742.53 USD, with a 24-hour trading volume of 288407745.14 USD. The market capitalisation for Wrapped Bitcoin is 10337637623.6USD. The circulating supply is 154782.19 Wrapped Bitcoin, with the total supply also being 154782.19 Wrapped Bitcoin.

Token Pros and Cons

Pros:

  • Liquidity:

  • WBTC brings Bitcoin’s liquidity to Ethereum’s DeFi ecosystem, allowing for more fluid exchanges and financial activities.

  • Interoperability:

  • It bridges two of the largest crypto ecosystems, enabling Bitcoin holders to participate in Ethereum-based applications without selling their BTC.

  • Transparency:

  • The WBTC network provides transparency through verifiable proof of reserves, ensuring that an equivalent amount of BTC backs each WBTC.

Cons:

  • Centralisation Risks:

  • The need for custodians to hold the BTC backing WBTC introduces centralisation, a potential security risk.

  • Smart Contract Vulnerabilities:

  • Being an ERC-20 token, WBTC is subject to the inherent risks of smart contract vulnerabilities on the Ethereum blockchain.

Why should you invest in the coin?

  • Provides Bitcoin holders access to Ethereum’s DeFi space without liquidating BTC.

  • Exposure to DeFi applications such as lending, borrowing, and yield farming offers potential additional income.

USP of the Coin

  • Merges Bitcoin's liquidity and value with Ethereum's DeFi ecosystem flexibility.

  • Offers interoperability and liquidity solutions between Bitcoin and Ethereum blockchains.

Problem the Coin is Solving

  • Solves liquidity and interoperability issues between Bitcoin and Ethereum.

  • Expands Bitcoin use cases into Ethereum’s DeFi ecosystem, enhancing DeFi with Bitcoin’s liquidity.

Founder and Team Background

  • Launched by BitGo, Kyber Network, and Ren in January 2019.

  • BitGo is a digital asset trust and security company; Kyber Network and Ren focus on liquidity and interoperability within Ethereum.

ICO Price

  • No traditional ICO; WBTC minting is based on BTC deposits, maintaining a 1:1 backing with Bitcoin.

Risks Associated in Investing in the Coin

  • Market Risk: The value of WBTC is directly tied to the price of Bitcoin, which is highly volatile.

  • Custodial Risk: The reliance on custodians to hold the Bitcoin backing WBTC introduces centralisation and custody risks.

  • Regulatory Risk: Changes in cryptocurrency regulations could impact the operation and acceptance of WBTC.

Whitepaper Insights

The Wrapped Tokens Whitepaper proposes a framework for issuing asset-backed tokens, which are tokens that reflect the price of the asset backing them. The paper focuses on wrapped tokens, which follow a centralised model but rely on a consortium of institutions performing different roles in the network. The first wrapped token launched is an ERC20 token backed by Bitcoin (BTC) called Wrapped BTC (WBTC). WBTC is fully accounted for, and proof of reserves is posted on the BTC chain. The paper discusses tokenisation's benefits, including increased transaction speed, reduced intermediaries, enhanced security, usability, and transparency. Wrapped tokens can bridge the gap between BTC and ETH, providing more liquidity on decentralised exchanges and other decentralised applications/protocols. Fiat currency-backed tokens offer a safe way for traders to keep their money in a cryptocurrency without worrying about price fluctuations. Wrapped tokens can also enforce policies on-chain, making rules more transparent and not relying on one party to implement them. The paper addresses scalability, trust, regulation, and governance challenges and proposes a multi-institutional framework for tokenising assets. The framework involves custodians, merchants, users, and WBTC DAO members. Custodians hold the keys to mint tokens, merchants initiate the minting of new wrapped tokens and burning of wrapped tokens, users can use wrapped tokens to transfer and transact, and WBTC DAO members control contract changes and addition/removal of custodians and merchants. The paper also proposes a side chain for wrapped tokens to increase transactional throughput and scalability. Atomic swaps can be used between merchants and users to exchange WBTC and BTC. The paper concludes that wrapped tokens provide a solution to make assets interchangeable and representable on the Ethereum chain, enabling Dapps to access Bitcoin easily.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9300

0%

WBTC to Converter

Quantity

WBTC

WBTC

Price

fiat

Price as per 12:16 AM • 20 Jul 2024

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Have a question not answered?

You can contact us at help@mudrex.com

What is the price of Wrapped Bitcoin (WBTC)?

The current price of Wrapped Bitcoin (WBTC) in INR is ₹62,07,055.29 INR.

What is the current WBTC market cap?

The current market capitalization of Wrapped Bitcoin (WBTC) is ₹9,61,40,02,98,994.80 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of WBTC by the number of coins in circulation.

What is the current supply of Wrapped Bitcoin (WBTC)?

The current supply of Wrapped Bitcoin (WBTC) is 154782.19 WBTC. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Wrapped Bitcoin (WBTC)?

The 24-hour trading volume of Wrapped Bitcoin (WBTC) in INR is ₹26,82,19,20,298.02. This figure represents the total value of all WBTC transactions across various exchanges within the last 24 hours.

How to Buy Wrapped Bitcoin (WBTC) in India?

To buy Wrapped Bitcoin (WBTC) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in WBTC.

Can I buy Wrapped Bitcoin (WBTC) with UPI?

Yes, you can buy Wrapped Bitcoin (WBTC) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Wrapped Bitcoin (WBTC) to Indian Rupee (INR)?

To convert Wrapped Bitcoin (WBTC) to Indian Rupee (INR), you can use our WBTC/INR conversion rates in real time.

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