Wrapped Bitcoin Tokens (WBTC) is an ERC20 token fully backed by real BTC. The proof of reserves is on-chain, showing the exact 1:1 ratio between minted WBTC tokens and BTC stored by the custodians. A collaborative effort with a community of partners to bring Bitcoin to the Ethereum network will bring the stability and value of Bitcoin to Ethereum's expansive ecosystem of decentralized applications.
Switcheo builds decentralized platforms that break new ground, bringing you finance without limits. Whether you’re a battle-weary trader or are just making your first purchase, there’s nothing cryptic about crypto on Switcheo. Leading the pack with multiple world firsts, your time spent with Switcheo will be a worthwhile investment.