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Circle (CRCL) debuts cirBTC on Ethereum to challenge Coinbase (COIN) in the wrapped bitcoin market
ETH
ETH/USDT
$2,458.08
-2.48%
$2,458.08
-2.48%
(24s)24h Volume
$9,851,443,430.97
24h H/L
$2,532.21 / $2,431.61
Change: $100.60 (4.14%)
Long/Short
60.1%
Long: 60.1%Short: 39.9%
Funding Rate
+0.0028%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(10:14 AM UTC)
1 min read
Circle unveiled cirBTC, a token backed 1:1 by the world's largest cryptocurrency, to allow traders to use their bitcoin wealth in DeFi protocols.
Circle Internet's (CRCL) wrapped version of bitcoin BTC$63,271.85, cirBTC, is live on Ethereum as the company best known for its dollar-pegged stablecoin takes on Coinbase (COIN) for dominance of the synthetic BTC market.
The New York-based firm said it…
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