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Binance Wrapped BTC (Binance Bridge)

Binance Wrapped BTC (Binance Bridge)

BBTC
$79,069.25Down 0.79 percent($625.94)

Key Stats

Market Cap$229.30MDown 0.79 percent
Volume (24h)$36.57K
Fully Diluted Value$229.30M
Vol/Mkt Cap (24h)0.02%
Total Supply2.90K BBTC
Max Supply∞
Launch Date2020-10-23
Built OnETH
Token StandardERC20
Smart Contract Address0x9be8…2541
Decimal Places8

Binance Wrapped BTC (Binance Bridge) Information

Websites
www.binance.com
Industries
Wrapped Collateral
Parent Asset
BTC

Binance Wrapped BTC (Binance Bridge) Price Converter

Binance Wrapped BTC (Binance Bridge)BBTC
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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
BBTCERC20ETH0x9be89d2a4cd102d8fecc6bf9da793be995c225412020-10-23

About Binance Wrapped BTC (Binance Bridge)

Binance Wrapped BTC (BBTC) is an ERC-20 token representing Bitcoin on the Ethereum network, enabling BTC holders to engage with Ethereum's DeFi ecosystem. Created by Binance through its Token Canal program, BBTC maintains a 1:1 peg with Bitcoin.

Frequently Asked Questions

Binance Wrapped BTC (BBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum network. It is issued through Binance's Token Canal program, which locks BTC on Binance's native chain and mints an equivalent amount of BBTC on Ethereum. This process ensures that each BBTC token is backed 1:1 by Bitcoin, allowing users to utilise their Bitcoin holdings on the Ethereum blockchain.

Binance Wrapped BTC (BBTC) is used to enable Bitcoin holders to participate in the Ethereum ecosystem. By converting BTC to BBTC, users can engage in decentralised finance (DeFi) applications, such as lending, borrowing, and trading on decentralised exchanges (DEXs). This facilitates the use of Bitcoin in a wider array of financial activities, leveraging Ethereum's smart contract capabilities while maintaining the value of the original Bitcoin.