Convert Wrapped Bitcoin WBTC to Optimism OP
WBTC to OP: 1 Wrapped Bitcoin converts to 171,786.72 OP as of June 8 at 8:38 PM
Wrapped Bitcoin (WBTC) is not tradable on Coinbase.
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About WBTC and OP
Wrapped Bitcoin is climbing, while Optimism is falling this week. The current WBTC to OP conversion rate is 171,786.72. Inversely, this means that if you convert 1 OP you will get 0.00000582 WBTC. The conversion rate of WBTC/OP has decreased by 0.66% in the last hour (OP/WBTC increased by 0.66%). In the last 24 hours, WBTC/OP grew by 1.74%, while OP/WBTC shrunk by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 171,786.72 OP. In other words, to buy 5 Wrapped Bitcoin, it would cost you 858,933.62 OP. Inversely, 1 OP would allow you to trade for 0.00000582 WBTC while 50 OP would convert to 0.000291 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.45%. Meanwhile, in the last 24 hours, the rate has changed by 1.7%, which means that the highest exchange rate of 1 WBTC to OP was 173,352.95 OP and the lowest 24 hour value was 1 WBTC for 167,557.50 OP. Last month, 1 WBTC was worth 150,098.24 OP. Today, it's up 12.63%. Looking back a year, Wrapped Bitcoin has changed by 31,224.65 OP. That means that in a single year, the value of Wrapped Bitcoin has grown by 81.82%.
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.
Optimism Market Stats
Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more
Conversion tables
WBTC to OP values from Today at 8:37 pm
0.5 WBTC = 85,893.36 OP |
1 WBTC = 171,786.72 OP |
5 WBTC = 858,933.62 OP |
10 WBTC = 1,717,867.25 OP |
50 WBTC = 8,589,336.23 OP |
100 WBTC = 17,178,672.46 OP |
500 WBTC = 85,893,362.29 OP |
1,000 WBTC = 171,786,724.57 OP |
OP to WBTC values from Today at 8:37 pm
0.5 OP = 0.00000291 WBTC |
1 OP = 0.00000582 WBTC |
5 OP = 0.000029 WBTC |
10 OP = 0.000058 WBTC |
50 OP = 0.000291 WBTC |
100 OP = 0.000582 WBTC |
500 OP = 0.0029 WBTC |
1,000 OP = 0.0058 WBTC |
WBTC to OP over time
WBTC | Today | 24H | 1M | 1Y |
|---|---|---|---|---|
0.5 WBTC | 85,893.36 OP | 84,433.86 OP | 75,049.12 OP | 15,612.33 OP |
1 WBTC | 171,786.72 OP | 168,867.73 OP | 150,098.24 OP | 31,224.65 OP |
5 WBTC | 858,933.62 OP | 844,338.64 OP | 750,491.20 OP | 156,123.27 OP |
10 WBTC | 1,717,867.25 OP | 1,688,677.28 OP | 1,500,982.40 OP | 312,246.54 OP |
50 WBTC | 8,589,336.23 OP | 8,443,386.40 OP | 7,504,912.01 OP | 1,561,232.68 OP |
100 WBTC | 17,178,672.46 OP | 16,886,772.81 OP | 15,009,824.02 OP | 3,122,465.37 OP |
500 WBTC | 85,893,362.29 OP | 84,433,864.04 OP | 75,049,120.12 OP | 15,612,326.83 OP |
1,000 WBTC | 171,786,724.57 OP | 168,867,728.07 OP | 150,098,240.24 OP | 31,224,653.67 OP |
Frequently asked questions
How much is 1 Wrapped Bitcoin in OP?
Right now, 1 Wrapped Bitcoin is worth about 171,786.72 OP.
How much WBTC could I buy for 1 OP?
Based on the current rate, you could get 0.00000582 WBTC for 1 OP.
How do I calculate or convert WBTC to OP?
You can use our WBTC to OP calculator at the top of this page to convert any amount of WBTC to OP. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 OP is equivalent to 0.000029 WBTC. Inversely, 5 WBTC will cost about 858,933.62 OP.
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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