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Rank #1269

sBTC Price

SBTC

$54,643

0.89%

฿0.8598347

0%

sBTC Price Chart (SBTC)

Price
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Market Stats

Market Cap
$10,948,628
Fully Diluted Valuation
$10,948,628
Circulating Supply
200
Total Supply
200
Volume 24h
$623.36
Price Change (1h)
Price Change (24h)
0.89%
Price Change (7d)
6.94%
All Time High

Mar 14, 2024

$73,602
25.76%
All Time Low

Aug 13, 2022

$0.59
9,294,208.9%
sBTC Price Update

sBTC price is $54,643, up 0.89% in the last 24 hours, and the live market cap is $10,948,628. It has circulating supply of 200.4 SBTC coins and a max supply of 200.4 SBTC alongside $623.36 24h trading volume.

Notes

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About sBTC

What is sBTC?

sBTC is a synthetic asset that tracks the price of Bitcoin (BTC). It is created and managed by Synthetix, a decentralized finance platform built on Ethereum. sBTC allows users to gain exposure to BTC without having to buy or store it directly. Instead, users can use sBTC as collateral for other Synthetix products like derivatives and stablecoins. Unlike traditional BTC, sBTC can be transferred quickly and easily across different blockchains.

Synthetix has designed sBTC to have all the same features as BTC but with added benefits such as faster transaction speeds and lower fees. This makes it an attractive option for traders who want to take advantage of the volatility of BTC without having to worry about the technicalities of buying and storing it. Additionally, since sBTC is an ERC-20 token, it can be used in DeFi protocols like Uniswap or Compound.

The main benefit of using sBTC over traditional BTC is its liquidity. Since it’s listed on multiple exchanges, users can easily convert their assets into cash or other crypto assets quickly and conveniently. Furthermore, since Synthetix backs all its tokens with real-world assets, users don’t have to worry about counterparty risk when trading with sBTC.

Overall, sBTC provides a great way for users to gain exposure to Bitcoin without having to purchase or store it directly. With its low fees and fast transaction speeds, it’s becoming increasingly popular among traders looking for quick profits from volatile markets.

For more information visit Synthetix.
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sBTC Markets

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#ExchangePairVolume (24H)Volume (%)PriceLast Updated
1
Gate.ioGate.io

SBTC/USDT

$10,497.03462.66%$0.2651

Recently

2
Gate.ioGate.io

SBTC/BTC

$6,254.8437.34%$0.2669

Recently

3
HitBTCHitBTC

SBTC/BTC

N/AN/A$0.1906

Recently

4
HitBTCHitBTC

SBTC/ETH

N/AN/A$0.244

Recently

5
HitBTCHitBTC

SBTC/USD

N/AN/A$0.5

Recently

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