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Coinbase Wrapped BTC

Coinbase Wrapped BTC

$102,781.00
-$829.76
-0.8%
• Today

Info

Symbol
CBBTC
Network
Base
Market Cap
$4.73B
Total Supply
46,038.78604
Circulating Supply
46,038.78604

About

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.

FAQ

The market capitalization of CBBTC is $4.73B as of May 15, 2025.

Market capitalization is calculated by multiplying the current price of CBBTC by its circulating supply. It reflects the overall value of the token in the market and helps gauge its relative size compared to other cryptocurrencies.

The total supply of CBBTC is 46,038.78604.

The circulating supply, which represents the number of CBBTC currently available in the market, is 46,038.78604 as of May 15, 2025.

This token does not have a maximum supply. This means that new tokens can be created over time. The supply may change due to network protocols, staking rewards, or token burns.

CBBTC can be bought and traded on a variety of cryptocurrency platforms, including Phantom!

Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.

Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.