Changelly welcomes yet another token available for exchange on the platform — the WBTC token. Users can exchange WBTC for other digital assets at floating rates. Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.
WBTC is compliant with ERC-20, which allows it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets, and other ERC-20-enabled DeFi applications. WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allowing users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.
We are excited to add WBTC token to our platform, as it encompasses the advantages of both Bitcoin and Ethereum. This listing will definitely bring a number of benefits to our users.
Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 by Bitcoin. By “wrapping” BTC in the ERC-20 standard, WBTC enables full integration of a Bitcoin-like asset into this advanced environment of financial decentralized applications, bringing along the immense liquidity associated with the BTC market.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
- Changelly website: changelly.com
- Changelly PRO website: pro.changelly.com
- Twitter: twitter.com/Changelly_team
The post WBTC Is Available on Changelly appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.