Convert Wrapped Bitcoin WBTC to South Korean Won KRW
WBTC to KRW: 1 Wrapped Bitcoin converts to ₩158,060,621.88 KRW as of October 16 at 1:04 PM
About Wrapped Bitcoin
Wrapped Bitcoin is falling this week. The current price of Wrapped Bitcoin is ₩158,060,621.88 per WBTC. With a circulating supply of 127,165.9 WBTC, it means that Wrapped Bitcoin has a total market cap of ₩20,097,889,476,543.22. The amount of Wrapped Bitcoin traded has fallen by -₩53,741,398,421 in the last 24 hours, which is a 10.44% decrease. Additionally, in the last day, ₩514,744,921,839 worth of WBTC has been traded.
The exchange rate of Wrapped Bitcoin is decreasing. The current value of 1 WBTC is ₩158,060,621.88 KRW. In other words, to buy 5 Wrapped Bitcoin, it would cost you ₩790,303,109.39 KRW. Inversely, ₩1 KRW would allow you to trade for 0.0000000063 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 9.41%. Meanwhile, in the last 24 hours, the rate has changed by 0.3%, and that the highest exchange rate of 1 WBTC to KRW was ₩159,629,293.43 KRW and the lowest 24 hour value was 1 WBTC for ₩156,197,565.82 KRW. Last month, 1 WBTC was worth ₩159,077,226.61 KRW. Today, it's down 3.06%. Looking back a year, Wrapped Bitcoin has changed by ₩92,107,977.07 KRW. That means that in a single year, the value of Wrapped Bitcoin has grown by 65.92%.
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.