$68,027.00
6.33%$2,062.42
11.58%$1.63
31.66%$1.43
6.40%$630.89
8.10%$1.00
0.01%$88.35
11.95%$0.285122
0.36%$0.100743
10.32%$1.031
-0.25%$0.298357
15.51%$50.81
5.71%$0.999949
-0.01%$493.12
1.71%$8.77
2.14%$27.85
2.58%$9.27
13.20%$0.169032
5.90%$345.59
7.21%$0.999352
-0.04%$0.16265
8.74%$0.999052
-0.09%$0.00948548
2.15%$0.101716
7.08%$56.79
11.07%$0.999795
-0.04%$9.56
15.49%$244.61
0.82%$0.968864
12.88%$0.00000623
5.56%$0.078493
6.12%$0.116333
4.57%$1.28
-0.30%$5,140.04
0.21%$4.04
20.98%$5,174.52
0.22%$1.31
-7.74%$0.622418
5.20%$1.00
0.00%$1.12
0.01%$119.38
4.59%$0.997507
-0.02%$0.00000414
4.94%$0.70683
2.00%$180.30
8.60%$1.00
0.00%$77.34
4.67%$0.068992
4.54%$2.26
2.74%$0.999848
0.01%$0.16834
3.26%$1.18
21.83%$0.00000165
0.10%$9.19
10.64%$0.27605
12.06%$2.42
14.11%$0.999344
-0.05%$0.113757
0.75%$0.414553
10.35%$11.00
0.01%$8.68
3.97%$7.14
5.08%$0.00187641
10.78%$0.060017
6.08%$0.01757124
8.91%$1.94
-2.81%$64.89
4.82%$0.109142
11.52%$0.873584
6.84%$1.00
0.04%$0.03096127
6.37%$0.00971562
6.23%$3.53
5.23%$0.091024
8.91%$1.061
20.57%$0.996915
21.07%$1.49
10.37%$1.24
0.33%$1.00
0.03%$114.41
0.01%$0.743585
-7.44%$1.027
0.00%$1.12
1.09%$0.03442578
3.09%$0.00784279
10.33%$1.83
7.00%$0.080984
1.12%$0.100412
8.88%$1.096
0.01%$0.03155898
8.16%$0.00000642
12.07%$0.998867
0.03%$1.00
0.00%$0.160658
10.76%$0.01299894
3.67%$0.282121
9.40%$28.74
1.22%$0.999945
0.09%$0.264827
11.45%$0.071237
8.23%$1.087
-0.03%$0.999968
-0.01%$1.18
0.33%$0.69376
14.59%$0.007241
12.37%$34.88
7.76%$1.33
10.88%$0.395799
7.86%$166.12
0.32%$0.0446501
-2.92%$1.001
0.04%$0.519144
4.61%$0.167124
9.40%$0.253688
12.63%$1.056
3.16%$0.084737
8.39%$1.46
1.92%$0.03539207
6.05%$0.999842
-0.00%$129.96
8.56%$0.058175
9.43%$0.367498
8.43%$1.019
-0.10%$0.00000034
4.20%$0.00000033
0.55%$16.48
5.94%$3.25
3.84%$0.01647052
0.09%$3.20
1.35%$0.349247
16.34%$0.054069
7.60%$1.52
-0.22%$0.070969
7.84%$0.02786503
8.57%$0.31747
11.14%$0.00003032
8.66%$1.003
0.78%$0.00587145
5.98%$0.327182
9.42%$0.994545
0.27%$17.53
2.83%$0.232794
10.33%$0.051844
7.69%$0.123956
5.23%$0.075914
9.06%$1.40
-3.36%$1.60
-1.60%$0.00272194
8.25%$0.35113
7.24%$6.62
10.18%$0.00248789
0.11%$0.04446313
6.79%$0.132403
-8.77%$0.088261
13.33%$1.37
9.34%$0.02153552
6.90%$0.10336
18.76%$0.998376
-0.13%$1.79
6.06%$1.00
0.00%$0.985671
-0.29%$1.00
0.01%$1.075
0.01%$0.214731
10.43%$0.510444
2.33%$0.0021627
2.86%$1.29
8.52%$22.79
0.00%$0.00000096
0.74%$0.097994
-0.31%$0.00003669
5.43%$0.199234
10.65%$5,236.23
-6.17%$2.81
7.67%$0.892363
23.76%$0.100042
11.46%$0.053559
3.91%$0.196255
2.99%$0.190176
8.82%$1.00
0.00%$0.079904
0.46%$0.00502545
6.61%$0.829288
6.89%$0.123281
5.17%$0.00387293
10.98%$0.01994396
4.04%$9.35
7.86%$18.57
4.49%$1.00
0.00%$1.92
10.85%$3.88
6.93%$0.638867
9.00%$0.999766
-0.00%$0.054818
8.98%$2.10
1.70%$2.15
9.64%$3.57
7.95%$1.81
1.16%$0.166167
10.71%$0.02269142
-1.23%$48.01
0.01%$0.04266687
9.12%$0.02007931
1.14%$0.00000798
6.70%$0.994774
-0.10%$1.26
0.77%$0.150502
1.98%$0.999541
0.01%$0.330833
8.40%$0.998319
-0.02%$0.174169
9.67%$0.414152
6.66%$1.012
-0.10%$0.307551
0.79%$0.661697
2.17%$0.096557
10.24%$4.61
8.17%$0.083315
6.86%$0.621039
4.90%$0.133323
6.16%$0.263486
5.10%$0.131375
5.01%$1,096.94
-0.09%$0.294488
5.70%$0.02249802
-14.75%$0.073775
-0.90%$0.080562
10.63%$0.312731
-2.30%$0.00149726
4.02%$0.254755
2.42%$0.365454
1.00%$11.14
-2.45%$0.00403954
3.66%$0.995751
0.10%$0.218026
2.32%$0.129042
-0.91%$1.001
0.00%$2.41
8.71%$0.1971
2.75%$1.49
5.63%$0.344609
4.61%$1.78
-4.18%$12.06
8.58%$1.00
0.03%$0.999889
0.01%$1.062
-0.04%$0.999949
0.01%$1.001
1.60%
Crypto exchange Coinbase today announced that starting Monday, October 19, its “Pro” exchange will support Wrapped Bitcoin, or WBTC.
The San Francisco-based company, which operates one of the world’s largest cryptocurrency exchanges, said that it would accept deposits of WBTC on Monday from US customers outside of New York state.
Trading will commence on “or after 9AM Pacific Time (PT) Tuesday, October 20, if liquidity conditions are met.” It’ll go live with two pairings: WBTC-USD and WBTC-USD.
“If liquidity conditions are met” means that Coinbase will only launch the coin if enough people express interest in the coin.
It’s unlikely this will be a problem for WBTC, a synthetic version of Bitcoin that runs on Ethereum. Right now, there are 105,132 Wrapped Bitcoin in existence, the equivalent of $1.2 billion.
Things took off for Wrapped Bitcoin in the middle of June, when Bitcoiners started putting their assets to work on Ethereum-based decentralized finance (DeFI) protocols—mostly non-custodial lending and decentralized exchange protocols.
These protocols offer lucrative interest rates, sometimes upward of 1,000% a year—not that any of those interest rates are sustained for a month, let alone 12.
WBTC, started by BitGo, Ren and Kyber, is the most popular synthetic version of Bitcoin; it holds 73.7% of the market share, according to a dashboard on Dune Analytics.
The Coinbase Pro launch will take place in four phases: transfers, post-only, limits, and full trading. Those stages allow Coinbase to fill its order books so that there’s enough money to ensure a smooth launch. Coinbase will only progress to the next stage if the market appears “healthy and orderly.”
Coinbase kept mum on whether it’ll add the coin to its main brokerage, simply known as Coinbase. “We will make a separate announcement if and when this support is added,” it wrote in the blog post.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
