Convert Wrapped Bitcoin WBTC to South Korean Won KRW
WBTC to KRW: 1 Wrapped Bitcoin converts to ₩160,967,368.14 KRW as of October 15 at 2:19 AM
About Wrapped Bitcoin
Wrapped Bitcoin is falling this week. The current price of Wrapped Bitcoin is ₩160,967,368.14 per WBTC. With a circulating supply of 127,165.9 WBTC, it means that Wrapped Bitcoin has a total market cap of ₩20,449,137,329,518.19. The amount of Wrapped Bitcoin traded has risen by ₩162,738,104,579 in the last 24 hours, which is a 22.00% increase. Additionally, in the last day, ₩739,868,684,436 worth of WBTC has been traded.
The exchange rate of Wrapped Bitcoin is decreasing. The current value of 1 WBTC is ₩160,967,368.14 KRW. In other words, to buy 5 Wrapped Bitcoin, it would cost you ₩804,836,840.68 KRW. Inversely, ₩1 KRW would allow you to trade for 0.0000000062 WBTC while ₩50 KRW would convert to 0.00000031 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.44%. Meanwhile, in the last 24 hours, the rate has changed by 1.54%, and that the highest exchange rate of 1 WBTC to KRW was ₩163,465,048.50 KRW and the lowest 24 hour value was 1 WBTC for ₩158,441,838.49 KRW. Last month, 1 WBTC was worth ₩160,143,546.76 KRW. Today, it's down 2.06%. Looking back a year, Wrapped Bitcoin has changed by ₩92,726,526.61 KRW. That means that in a single year, the value of Wrapped Bitcoin has grown by 66.87%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.