Wrapped Bitcoin xarid qiling.

Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin (BTC) that exists on the Ethereum blockchain as an ERC-20 token. Each WBTC is backed 1:1 with actual Bitcoin held in reserve by regulated custodians, giving users exposure to BTC while enabling full compatibility with Ethereum-based decentralized applications (dApps), DeFi protocols, and smart contracts.

The WBTC protocol was launched through a collaboration between BitGo, Kyber Network, and Ren, with a focus on improving Bitcoin’s liquidity and functionality in the growing DeFi ecosystem. By wrapping Bitcoin in a format that conforms to Ethereum’s token standard, users can lend, borrow, trade, or use BTC in yield farming and liquidity pools — without having to sell or move their Bitcoin off-chain.

The token is fully transparent and auditable, with on-chain proof of reserves that ensures every WBTC in circulation is backed by an equal amount of BTC held by custodians. 

WBTC is currently priced at $88,177, with a market capitalization of $11,014,473,437. The token reached its all-time high of $125,932 on October 6, 2025. There are 124,963.49 WBTC tokens in circulation, from a total supply of 124,963.49, and a maximum supply of .

As decentralized finance continues to grow, WBTC is an option to bring Bitcoin’s value and security into the Ethereum ecosystem — facilitating BTC holders to earn yield, access liquidity, and interact with on-chain financial services.

You can buy Wrapped Bitcoin using your credit or debit card through Nexo, or choose another payment method for the purchase. If you’re ready to proceed, visit the Nexo Exchange and purchase WBTC.