Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin on the Ethereum blockchain, enabling Bitcoin to be used in Ethereum-based applications and decentralized finance (DeFi). As of Nov 04, 2026, it trades at $80,391.74 with a market cap of $9.34B, ranking #17 among tracked cryptocurrencies.
It is backed 1:1 by Bitcoin, which makes it a fully-collateralized asset. Source: CoinPaprika.com
What is the WBTC token used for?
The WBTC token is associated with ethereum (eth) token (erc-20), waves token, fantom (ftm) token, solana (sol) token, cronos (cro) token, polygon (matic) token, harmony (one) token, celo token, avalanche (avax) token, optimism ecosystem, arbitrum ecosystem, blast ecosystem, ronin (ron) token, zksync ecosystem, and wrapped token, based on the tags CoinPaprika applies to Wrapped Bitcoin.
Wrapped Bitcoin history and key milestones
CoinPaprika's price data for it begins on Jan 31, 2019 and it reached an all-time high of $126,028.40 on Oct 06, 2025.