Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Name : Wrapped Bitcoin (WBTC)
WBTC Price : $87,591.32800 -0.27%
Consensus Mechanism : Token
Volume: 299,753,121
Market Cap: 10,977,865,791
Shariah Judgement
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Shariah Status :
Last Screening: Q3 2024
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Overview
Wrapped Bitcoin (WBTC) is an ERC-20 token on the Ethereum blockchain that represents Bitcoin (BTC) at a 1:1 ratio. Created to enable Bitcoin holders to engage with Ethereum-based decentralized finance (DeFi) applications, WBTC is backed by actual Bitcoin reserves, with custody managed by BitGo. Each WBTC token is directly convertible to one Bitcoin, ensuring that the supply of WBTC is fully collateralized.
Whitepaper & Documents
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