Convert Wrapped Bitcoin WBTC to South Korean Won KRW
WBTC to KRW: 1 Wrapped Bitcoin converts to ₩154,665,811.11 KRW as of November 11 at 1:17 AM
About Wrapped Bitcoin
Wrapped Bitcoin is falling this week. The current price of Wrapped Bitcoin is ₩154,665,811.11 per WBTC. With a circulating supply of 127,130.51 WBTC, it means that Wrapped Bitcoin has a total market cap of ₩19,654,437,394,414.59. The amount of Wrapped Bitcoin traded has fallen by -₩50,026,339,764 in the last 24 hours, which is a 10.63% decrease. Additionally, in the last day, ₩470,478,589,204 worth of WBTC has been traded.
The exchange rate of Wrapped Bitcoin is decreasing. The current value of 1 WBTC is ₩154,665,811.11 KRW. In other words, to buy 5 Wrapped Bitcoin, it would cost you ₩773,329,055.53 KRW. Inversely, ₩1 KRW would allow you to trade for 0.0000000065 WBTC while ₩50 KRW would convert to 0.00000032 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.56%. Meanwhile, in the last 24 hours, the rate has changed by 0.26%, and that the highest exchange rate of 1 WBTC to KRW was ₩154,770,836.57 KRW and the lowest 24 hour value was 1 WBTC for ₩152,549,855.83 KRW. Last month, 1 WBTC was worth ₩159,865,790.90 KRW. Today, it's down 5.32%. Looking back a year, Wrapped Bitcoin has changed by ₩124,014,913.60 KRW. That means that in a single year, the value of Wrapped Bitcoin has grown by 19.64%.
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.