CashboardDeFi · WBTC
Wrapped Bitcoin (WBTC) live price dashboard
Wrapped Bitcoin (WBTC) is an ERC-20 token backed one to one by bitcoin held with a custodian. This board puts WBTC beside BTC and ETH with 7-day and 30-day candles.
What is Wrapped Bitcoin?
Wrapped Bitcoin (WBTC) is an ERC-20 token backed one to one by bitcoin held with a custodian. BitGo, Kyber Network and Ren launched it in January 2019 so bitcoin could be used for lending, trading and collateral in Ethereum DeFi. In August 2024 BitGo announced a move to shared custody with BiT Global, a firm linked to Justin Sun, and part of DeFi started looking at other wrappers.
Ordinary users do not mint WBTC. Approved merchants, mostly exchanges and trading firms, send BTC to the custodian, which mints WBTC to them, and redemptions run the same way in reverse. Everyone else buys it on the market, so WBTC can trade slightly off BTC when redemptions slow down.
The 2024 custody change still hangs over it. BitGo now shares control of the keys with BiT Global. Coinbase launched its own wrapper, cbBTC, in September 2024, then suspended WBTC trading on December 19, 2024, and cbBTC has been taking share since.
WBTC is still the largest wrapped bitcoin on Ethereum in 2026 and sits deep in lending markets such as Aave. On a quiet day the peg holds. The real exposure is how fast that liquidity would leave if BitGo or BiT Global ever had a problem.
| Symbol | WBTC |
|---|---|
| Category | DeFi |
| CoinGecko id | wrapped-bitcoin |
| Price sources in Cashboard | CoinGecko |
| Wallet tracking | Watch-only, on Solana or an indexed EVM chain |
What do traders watch on WBTC?
- Custody changes and the public proof of reserves.
- cbBTC and other wrappers replacing WBTC as collateral.
- Any gap between WBTC and BTC during market stress.
Where can you read more about Wrapped Bitcoin?
Frequently asked questions
Who holds the bitcoin behind WBTC?
BitGo, under a shared custody arrangement with BiT Global that began in 2024. The custody addresses are public, so anyone can check that the BTC held matches the WBTC supply.
What is the difference between WBTC and cbBTC?
Both wrap bitcoin for use on Ethereum and other chains. WBTC is minted through approved merchants with BitGo and BiT Global as custodians. cbBTC, launched in September 2024, is issued and held by Coinbase alone, and Coinbase users can convert between BTC and cbBTC directly.
Can I track WBTC without an account?
Yes. The WBTC board on this page runs in your browser and saves on your device. Prices come from CoinGecko. Paste a public Solana or EVM address into a watch-only Portfolio widget if you hold WBTC there.
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Last reviewed . Market data in Cashboard comes from the providers named on each widget and may be delayed. Nothing here is financial advice.