Kraken Wrapped BTCPrice(KBTC)
Details Kraken Wrapped BTC (KBTC) Price information (USD)
The current real-time price of KBTC is $67,047. In the past 24 hours, KBTC has traded between $65,735 and $67,214, showing strong market activity. The all-time high of KBTC is $126.108K, and the all-time low is $60,132.
From a short-term perspective, the price change of KBTC over the past 1 hour is
Kraken Wrapped BTC (KBTC) Market Information
Kraken Wrapped BTC (KBTC) Today's Price
The live price of KBTC today is $67,047, with a current market cap of $238.065M. The 24-hour trading volume is 294K. The price of KBTC to USD is updated in real time.
Kraken Wrapped BTC (KBTC) Price History (USD)
What is KRAKEN WRAPPED BTC (KBTC)?
When is the right time to buy KBTC? Should I buy or sell KBTC now?
Before deciding whether to buy or sell KBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s KBTC technical analysis can provide you with trading references.
Future price trend of KBTC
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for KBTC.
How much will KBTC be worth tomorrow, next week, or next month in ? What about your KBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! KBTC Price Prediction
How to buy KRAKEN WRAPPED BTC (KBTC)
Convert KBTC to local currency
KBTC Resources
To learn more about KBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x55af...6fd562  | 49 | 57.12% |
optimistic-ethereum | 0x0e09...feeaac | 14 | 16.32% |
optimistic-ethereum | 0x597f...4c695f | 4 | 4.66% |
ethereum | 0xc473...dc6fab | 1 | 1.17% |
ethereum | 0x9069...db3eb8 | 1 | 1.17% |
Other | 16.78236 | 19.56% |
Hot Events
KRAKEN WRAPPED BTC (KBTC) FAQ
What is kBTC?
kBTC is a wrapped Bitcoin token fully backed 1:1 by an equivalent amount of Bitcoin held in dedicated custody. Its primary purpose is to extend Bitcoin's utility to decentralized finance (DeFi) activities and other on-chain applications across various networks, such as Ink, Unichain, Ethereum, and OP Mainnet. This allows Bitcoin holders to participate in ecosystems that do not natively support Bitcoin.
How is kBTC backed, and how can its backing be verified by users?
Each kBTC token is fully backed 1:1 by an equivalent amount of Bitcoin securely held in segregated reserves. Transparency is maintained by allowing users to verify this backing directly. Individuals can inspect the on-chain reserves of the Bitcoin custody wallet and review the kBTC smart contracts deployed on various supported networks, ensuring that the reserved Bitcoin matches the circulating kBTC supply.
Why would users choose kBTC over holding native Bitcoin?
kBTC provides Bitcoin holders with access to the rapidly expanding decentralized finance (DeFi) ecosystem, enabling them to leverage their Bitcoin in ways that are not possible on the native Bitcoin network. By wrapping Bitcoin into kBTC, users gain the flexibility to engage with a wide array of on-chain activities and decentralized applications (dApps), such as lending, borrowing, yield farming, and contributing to liquidity pools, thereby unlocking new utility for their BTC.
How can users obtain kBTC or exchange it back to Bitcoin?
To obtain kBTC, a user typically initiates a withdrawal of native Bitcoin from their exchange account or compatible platform. An equivalent amount of kBTC is then minted and sent to their specified destination address on a supported network. To exchange kBTC back to native Bitcoin, users deposit their kBTC into a designated platform, which then facilitates the automatic conversion back to the equivalent Bitcoin amount, sending it to their Bitcoin wallet.
Is kBTC secure, and has its smart contract undergone audits?
kBTC leverages robust security infrastructure and custodial expertise, with the Bitcoin backing stored in segregated wallets, ensuring a high level of asset protection. The associated smart contract has undergone thorough internal reviews by development teams. Crucially, it has also been subjected to a comprehensive third-party security audit by reputable firms like Trail of Bits, validating its code integrity and identifying potential vulnerabilities to enhance overall system security.
What are the potential risks associated with using kBTC?
While designed for security, kBTC, like all DeFi protocols, carries inherent risks such as smart contract bugs or economic exploits. Market conditions on third-party platforms might occasionally cause the value of kBTC to diverge from native Bitcoin, despite its 1:1 backing. Regulatory changes could also impact its utility and value. Users should be mindful of operational errors like using the incorrect network for transactions, avoiding fraudulent websites, thoroughly understanding any associated liquidation risks, and ensuring timely claiming of rewards in staking or other DeFi engagements.
