Convert Wrapped Bitcoin WBTC to Maker MKR
WBTC to MKR: 1 Wrapped Bitcoin converts to 59.95 MKR as of June 8 at 8:37 PM
Wrapped Bitcoin (WBTC) is not tradable on Coinbase.
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About WBTC and MKR
Wrapped Bitcoin is climbing, while Maker is falling this week. The current WBTC to MKR conversion rate is 59.95. Inversely, this means that if you convert 1 MKR you will get 0.0167 WBTC. The conversion rate of WBTC/MKR has increased by 0.15% in the last hour (MKR/WBTC decreased by 0.15%). In the last 24 hours, WBTC/MKR grew by 1.05%, while MKR/WBTC shrunk by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 59.95 MKR. In other words, to buy 5 Wrapped Bitcoin, it would cost you 299.75 MKR. Inversely, 1 MKR would allow you to trade for 0.0167 WBTC while 50 MKR would convert to 0.83 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 9.98%. Meanwhile, in the last 24 hours, the rate has changed by 1.03%, and that the highest exchange rate of 1 WBTC to MKR was 60.80 MKR and the lowest 24 hour value was 1 WBTC for 59.14 MKR. Last month, 1 WBTC was worth 60.74 MKR. Today, it's down 1.31%. Looking back a year, Wrapped Bitcoin has changed by 27.97 MKR. That means that in a single year, the value of Wrapped Bitcoin has grown by 53.35%.
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.
Maker Market Stats
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
Conversion tables
WBTC to MKR values from Today at 8:37 pm
0.5 WBTC = 29.98 MKR |
1 WBTC = 59.95 MKR |
5 WBTC = 299.75 MKR |
10 WBTC = 599.50 MKR |
50 WBTC = 2,997.52 MKR |
100 WBTC = 5,995.04 MKR |
500 WBTC = 29,975.20 MKR |
1,000 WBTC = 59,950.40 MKR |
MKR to WBTC values from Today at 8:37 pm
0.5 MKR = 0.0083 WBTC |
1 MKR = 0.0167 WBTC |
5 MKR = 0.0834 WBTC |
10 MKR = 0.17 WBTC |
50 MKR = 0.83 WBTC |
100 MKR = 1.67 WBTC |
500 MKR = 8.34 WBTC |
1,000 MKR = 16.68 WBTC |
WBTC to MKR over time
WBTC | Today | 24H | 1M | 1Y |
|---|---|---|---|---|
0.5 WBTC | 29.98 MKR | 29.67 MKR | 30.37 MKR | 13.98 MKR |
1 WBTC | 59.95 MKR | 59.33 MKR | 60.74 MKR | 27.97 MKR |
5 WBTC | 299.75 MKR | 296.67 MKR | 303.69 MKR | 139.84 MKR |
10 WBTC | 599.50 MKR | 593.35 MKR | 607.38 MKR | 279.67 MKR |
50 WBTC | 2,997.52 MKR | 2,966.73 MKR | 3,036.88 MKR | 1,398.35 MKR |
100 WBTC | 5,995.04 MKR | 5,933.46 MKR | 6,073.76 MKR | 2,796.70 MKR |
500 WBTC | 29,975.20 MKR | 29,667.29 MKR | 30,368.82 MKR | 13,983.52 MKR |
1,000 WBTC | 59,950.40 MKR | 59,334.58 MKR | 60,737.65 MKR | 27,967.04 MKR |
Frequently asked questions
How much is 1 Wrapped Bitcoin in MKR?
Right now, 1 Wrapped Bitcoin is worth about 59.95 MKR.
How much WBTC could I buy for 1 MKR?
Based on the current rate, you could get 0.0167 WBTC for 1 MKR.
How much has the price of Wrapped Bitcoin changed?
Wrapped Bitcoin price has been on the rise. Since yesterday, the exchange rate of Wrapped Bitcoin has increased. Since last month, the exchange rate of Wrapped Bitcoin has increased. Since this time last year, the price of Wrapped Bitcoin has increased.
How do I calculate or convert WBTC to MKR?
You can use our WBTC to MKR calculator at the top of this page to convert any amount of WBTC to MKR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MKR is equivalent to 0.0834 WBTC. Inversely, 5 WBTC will cost about 299.75 MKR.
How can I buy 1 Wrapped Bitcoin on Coinbase?
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
What are assets similar to Wrapped Bitcoin that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido Staked ETH, Lido wstETH, and Wrapped TRON. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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