This website uses cookies to ensure you get the best experience on our website


Company Updates

CryptoAltum Lists Wrapped Bitcoin on MT5

What is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) is tokenized Bitcoin on Ethereum. The project was launched in 2019 and was created jointly by Bitgo, Kyber, and Ren. Users who need to convert BTC to ERC-20 wBTC must submit personal information before a custodian mints the token. There are several advantages of tokenizing Bitcoin and releasing it on the Ethereum network. For example, users access DeFi and participate in lucrative yield maximizing opportunities. In Ethereum, WBTC can be transferred like any other token and stored in leading wallets like MetaMask. 

Why Trade WBTC With CryptoAltum?

Tokenizing Bitcoin provides more benefits for the users. Besides allowing BTC to exist on non-native blockchains like Ethereum, the user stands to make more from their coins than letting them sit idly on an exchange or a non-custodial wallet. WBTC is a fixture in DeFi and is supported by many portals such as lending and borrowing platforms, decentralized exchanges, and more. This utility is why traders should trade WBTC on CryptoAltum. The exchange uses the MT5 platform. WBTC joins other high-profile liquid coins like BTC and ETH. 

Wrapped Bitcoin is just one of over 70 cryptocurrency pairs offered by CryptoAltum. New users are welcome to register a free demo account and try the platform risk free for an unlimited amount of time. 

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020