WBTC Growth Shows Ethereum Users Appreciate the Exposure to Bitcoin

Feb 18, 2022

The growth of wrapped BTC hit an all-time high in January before backtracking slightly this month. WBTC is essentially a receipt token for Bitcoin in the form of an Ethereum-based token, called ERC-20. Chart of the Day shows that users of Ethereum appreciate exposure to bitcoin. Christine Lee explains the data on “All About ETH.”

Up Next

08:02

Erik Voorhees on Corporations Transitioning Into DAOs

Feb 18, 2022

06:06

Algorand CEO Staci Warden on What’s Next for the Payments-Focused Blockchain

Feb 18, 2022

06:52

Ethereum Foundation’s Danny Ryan on the Death of Proof-of-Work

Feb 18, 2022

07:09

Ethereum’s Vitalik Buterin Explains Why He’s Against Canada Invoking Emergencies Act and Blacklisting Crypto Wallets of Protesters

Feb 18, 2022

09:35

CoinFund CEO Talks Crypto Regulation, Future of NFTs and Web 3 Potentials at ETHDenver 2022

Feb 17, 2022

View all

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.