Binance.US lists WBTC.
*Note: This announcement was updated on March 16, 2022. Wrapped Bitcoin (WBTC) first began trading on Binance.US on March 16, 2022 at 5 p.m. PST / 8 p.m. EST. Deposits opened 24-hours prior.
**Correction: Binance.US does not support "Buy Crypto" functionality for WBTC.
What is Wrapped Bitcoin (BTC)?
WBTC is an ERC-20 token that is equivalent in value to one Bitcoin (BTC). Originally designed to help bring additional liquidity to the Ethereum network, WBTC also allows BTC holders to access the Ethereum ecosystem of decentralized apps (DApps). One popular use-case revolves around borrowing and lending protocols, which allow WBTC holders to earn DeFi yields on their assets.
Users can freely convert between WBTC and BTC at any time. The WBTC protocol is governed as a decentralized autonomous organization (DAO) whose members hold keys to a multi-signature contract. To help ensure WBTC tokens are minted on a 1:1 basis with the number of BTC stored by custodians, the proof of reserve is held on-chain.
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