The supply of wrapped Bitcoin (WBTC) at Coinbase, the world’s leading digital currency exchange by trading volume, has exceeded 40,000. This update comes from Coinrank, a prominent platform for cryptographic analysis, blockchain and AI.
Coinbase Wrap Bitcoin (CBBTC) Supply Destroys 40K!
According to Dune:
🔹Current Supply: 40,884 CBBTC
🔹 Monthly Growth: +1,900
🔹Market Cap: $3.89B
🔹 Market share: 22.7%
CBBTC has achieved serious status in the wrapped BTC races. 👀#coinbase #cbbtc pic.twitter.com/1empphcwxn5-dogswark (@coinanak_io) May 18, 2025
CBBTC has secured serious status in the wrapped bitcoin race
According to new data shared by Coinrank on social media platform X, the current supply of wrapped Bitcoin from Coinbase, known as CBBTC, is now above the 40K figure at 40,884 CBBTC.
The CBBTC also shows the massive growth of the month, which is increasing by 1900, according to the report. A further investigation of this wrapped Bitcoin statistical data reveals that CBBTC’s market capitalization is currently around $3.89 billion, with its market share of 22.7%.
With this potential growth over the past month, CBBTC has begun to secure its position in the wrapped Bitcoin race. Be careful when you come to the world of WBTC.
CBBTC supported at Ethereum, Solana and bases
Coinbase Cryptocurrency Exchange’s wrapped bitcoin is an ERC20 token, held by BTC at 1:1. It supports major blockchains such as Ethereum, Solana and bases at launch. In the future, we also plan to add support to more blockchains.
The amount of Bitcoin sent and received by users of Coinbase Digital Currency Exchange will be converted to CBBTC by 1:1. Additionally, upon launch, CBBTC transactions will take place at major digital currency exchange Coinbase in the US, Singapore, the UK, Australia, Brazil and the EEA.