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.
Where is Coinbase Wrapped BTC available for purchase?
You can exchange CBBTC tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Coinbase Wrapped BTC is Aerodrome SlipStream, notably the CBBTC/WETH pair, which saw a trading volume of $ 152,89 MLN. in the past day. Additionally, PancakeSwap V3 (Base) and Aerodrome (Base) are popular alternatives for trading tokens.
What is the highest value Coinbase Wrapped BTC (CBBTC) has ever reached?
Coinbase Wrapped BTC (CBBTC) reached its peak price at 123,939 $ on 14 August 2025, approximately 5 days ago ago. Presently, the current price is -5.96% lower than this all-time high.
What is the historical minimum price for Coinbase Wrapped BTC (CBBTC)?
The minimum price reached for Coinbase Wrapped BTC (CBBTC) was 57,439 $, documented on 12 September 2024, more than a year ago. In comparison, the current price is 102.9%, it above this historical low.
What is the fully diluted valuation of Coinbase Wrapped BTC (CBBTC)?
The fully diluted valuation (FDV) of Coinbase Wrapped BTC (CBBTC) stands at $ 6,03 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CBBTC tokens. The realization of this FDV might take several years depending on the emission schedule of CBBTC tokens.
How to add Coinbase Wrapped BTC (CBBTC) to MetaMask?
By integrating Coinbase Wrapped BTC (CBBTC) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import CBBTC as a token. You can either manually import CBBTC by copying its contract address (0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf) or use MetaMask's Chrome extension to add CBBTC with a single click through P.CASH.
How to add Coinbase Wrapped BTC (CBBTC) to TrustWallet?
Incorporating Coinbase Wrapped BTC (CBBTC) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include CBBTC, you can either manually import it using the contract address (0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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