What is COINBASE WRAPPED BTC(CBBTC)?

Basic information about CBBTC

Coin name:

Coinbase Wrapped BTC

Coin symbol:

Coin introduction:

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.

Current Price:

$77.31KMore coin details

All-time high:

$125.95K

All-time low:

$57.44K

CBBTC Supply Info and Tokenomics

Circulating supply:

76,726

Total supply:

76,726

Max supply:

Market cap:

$5.93B

Fully diluted valuation:

$5.93B

What is the outlook and future value of CBBTC?

The current market cap of CBBTC is $5.93B, ranked 26 in the market, showing that the market already recognizes the value of CBBTC. When a bull market arrives, the market cap of CBBTC may continue to grow.

Moreover, if CBBTC can play a greater role in real-world applications—such as if the Monero developers can fully empower CBBTC and establish partnerships with more business partners to expand its user base—then the long-term value of CBBTC will be further enhanced.

What is the price of CBBTC in 2027?

According to the historical price performance prediction model of CBBTC, the price of CBBTC is expected to reach $81.17K at 2027.

Note: As with any crypto investment, investors should closely monitor CBBTC’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get CBBTC?

Purchasing CBBTC with cash is not the only way to obtain CBBTC. If you have enough time, you can get CBBTC for free.

Learn how to get Hot rewards for free with CBBTC.

Earn free CBBTC by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get CBBTC airdrops for free.

All crypto airdrops and rewards can be exchanged for CBBTC through LBank spot trading.

Buy CBBTC starting from $1

What is CBBTC used for and how to use it?

The use cases for CBBTC may grow with the development of the crypto market and project progress. Currently, you can use CBBTC to:

Arbitrage trading of CBBTC

CBBTC is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many CBBTC trading pairs to suit your needs.

Earn yield with CBBTC

You can also lend out CBBTC or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your CBBTC gains.

Send or pay with CBBTC

If you want to pay someone with CBBTC, you can easily and quickly send CBBTC to them using their receiving address.

You can also visit the official website of Coinbase Wrapped BTC to learn more use cases of CBBTC, such as whether the Coinbase Wrapped BTC project supports community/eco apps or buying physical or virtual goods with CBBTC.