Wrapped Bitcoin Supply Drops to Negative After 11,500 wBTC Related to Celsius Burn
The supply of wrapped Bitcoin (wBTC) fell to its lowest level since May 2021 after its second-biggest single-day burn on Feb. 27.
Barry Stidham Feb 10, 2025
Here's a Step-By-Step Guide on How to Buy
Create a BitKan account
Sign up or download the BitKan APP to get started on registering a BitKan Account.
Start a trade
On BitKan.com, you may choose to Deposit Crypto, For further assistance, kindly contact Support Service.
Select Wrapped Bitcoin from the list of crypto assets
On BitKan.com, click on Spot on the top left and select WBTC. On BitKan mobile app, click on Trade on the bottom right and select WBTC.
Finalize
Ensure that the details keyed in are accurate, and you may confirm your purchase by clicking “Buy”. Once the order has been processed, you will see your fulfilled buy order on the confirmation screen. That’s it, you’ve successfully bought your Wrapped Bitcoin!
Research
Wrapped Bitcoin is on the rise this week.
The price of Wrapped Bitcoin has increased by 23.72% in the past 7 days. The price increased by 3.55% in the last 24 hours. The current price is $80,006.84 per WBTC. Wrapped Bitcoin fell -36.47% from its all time high of $125,932.00.
MARKET CAP
9,291,368,962.76
VOLUME (24H)
2,460.17
CIRCULATING SUPPLY
116,132.00
BitKan: A Better Way To Buy, Trade, And Hold Cryptocurrency
Trusted Since 2012BitKan's 10+ years of operations is a testament towards prioritising security above everything else. We maintain full reserves, trusted custody solutions, and uphold highest standards of legal compliance to keep your funds safe and secure.
Widest Coin SelectionsBitKan's multi-exchange aggregation means weekly coin listings occur as long as one of these exchanges list them - discover promising crypto projects across early and capture these golden trading opportunities within one trading account.
Cheapest Crypto PricesBitKan aggregates liquidity from our partner exchanges (E.g. Binance, OKx) for you to get the cheapest Bitcoin and other crypto gems conveniently.
Secure & TrustedBitKan is committed to user protection. The server is constantly stress-tested to develop rigorous security measures to further combat cybercrime. Rest assured that your assets and transactions security is our top priority.
Start Buying WBTC
If you're ready to take the next step and want to buy some Wrapped Bitcoin, take the next step with BitKan!
How to Buy Other Crypto Assets
View moreConvert Other Assets
View moreArbitrum to USD 1 Arbitrum equal 0.0970 USD  | Bitcoin to USD 1 Bitcoin equal 79,926.08 USD  | Dogecoin to USD 1 Dogecoin equal 0.0910 USD  |
Ethereum to USD 1 Ethereum equal 2,485.54 USD  | Optimism to USD 1 Optimism equal 0.1054 USD  | Shiba Inu to USD 1 Shiba Inu equal 0.00000552 USD  |
Frequently Asked Questions
Is Wrapped Bitcoin a Worthwhile Investment?
+Do I Need to Store Wrapped Bitcoin in a Crypto Wallet after Purchase?
+Is it Safe to Buy Wrapped Bitcoin?
+How Long Does it Take to Buy Wrapped Bitcoin?
+Can Beginners Buy Wrapped Bitcoin?
+What Should I Be Aware of Before Buying Wrapped Bitcoin?
+*Prices shown are for illustrative purposes only. Actual cryptocurrency prices may vary.
Data presented may reflect assets traded on BitKan's exchange and other selected cryptocurrency exchanges. Certain content has been prepared by third parties not affiliated with BitKan Inc. or any of its affiliates and BitKan is not responsible for such content. BitKan is not liable for any errors or delays in content, or for any actions taken in reliance on any content.
Information is provided for educational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset. BitKan makes no representation on the accuracy, suitability, or validity of any information provided.