Market Data
About Coinbase Wrapped BTC
Coinbase Wrapped BTC (cbBTC) is an ERC20-compatible token backed 1:1 by native Bitcoin (BTC) held in secure custody by Coinbase. Designed to integrate Bitcoin liquidity into decentralized finance (DeFi), it allows users to mint the token by depositing BTC into their Coinbase accounts and redeem it for the underlying asset at any time. cbBTC is compatible with multiple networks including Ethereum, Base, Solana, Arbitrum, and Monad, enabling Bitcoin holders to participate in on-chain activities such as providing liquidity, using BTC as collateral for borrowing, or engaging in lending while maintaining exposure to Bitcoin's price movements.
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