cbBTC/MIM
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.
Score | |
|---|---|
24h Vol | $15.82 |
Liquidity | $5K |
Holders | 9.3K |
Audits | |
Age | 14 days |
FDV | $2.3M |
Market Cap | $7.75B |
cbBTC to MIM Converter
Score | |
|---|---|
24h Vol | $15.82 |
Liquidity | $5K |
Holders | 9.3K |
Audits | |
Age | 14 days |
FDV | $2.3M |
Market Cap | $7.75B |
About Coinbase Wrapped BTC (cbBTC)
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.
Other Pools Trading Coinbase Wrapped BTC (cbBTC)
cbBTC/MIM Price Stats
The current price of cbBTC (cbBTC/MIM) on Pons V2 Dex is $77,872.48, the price is up 0% in the last 24 hours. Its 24-hour trading volume is reported to be at $15.82 with a total of 1 transactions. cbBTC/MIM contract address is 0x65b11d6975b3cbc77ad94d09c868c01b72b9a572d9700ffe7ec253a307b7518b, with a Fully Diluted Valuation (FDV) of $2.31M and a liquidity pool of $5,001.89.
