About tBTC
tBTC is an Ethereum token that’s intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. tBTC is powered by the Keep Network. Keep Network enables users to deposit Bitcoin and redeem tokenized tBTC, which can then be used across the Ethereum ecosystem.
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Trading Insights
Searched
3
Market Stats
Market Cap
$899.99K
FDV
$899.99K
Circ. Supply
9 TBTC
Max Supply
Not enough data
Total Supply
9 TBTC
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$3.75K
-22.23%
Volume (7D)
$27.19K
Volume (30D)
$110.62K
All time high
$135.54K
Price Change (1Y)
43.12%
Additional info about tBTC
Recent trends
The latest TBTC price is $99,987.25. Compared to tBTC's value of $104,962.34 from 24 hours ago, there's been a -5% decrease, while the current price is -5% down from $105,138.16 which was recorded one week ago. tBTC's all time high is $135,535.46, which was reached on May 18, 2025. This is a -26% change from its price today.
The market cap is currently $899.99K, which is a result of multiplying the current price of tBTC($99,987.25) by the total supply(9 TBTC). The fully diluted valuation of tBTC is $899.99K. The diluted valuation of tBTC is $899.99K.
Market details
TBTC vs markets
↗ 16.12%
TBTC vs BTC
↘ 2.48%
TBTC vs ETH
↗ 117.44%
Tags
defi
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8dAEBADE922dF735c38C80C7eBD708Af50815fAa |
Price history
Time | Price | Change |
|---|---|---|
Today | $99,987.25 | ↘ 4.73% |
1 Day | $104,962.34 | ↘ 4.73% |
1 Week | $105,138.16 | ↘ 4.89% |
1 Month | $92,149.26 | ↗ 8.52% |
1 Year | $69,868.33 | ↗ 43.12% |
FAQ
tBTC is an ERC-20 token completely backed by Bitcoin and pegged to the price of Bitcoin. The platform helps Bitcoin holders take action on the Ethereum blockchain and access the decentralized finance (DeFi) ecosystem. tBTC is an open-source project backed by groups such as Keep, Summa, and the Cross-Chain Group.
Keep is Ethereum's privacy layer. “Keep" is the off-chain container for private data. In contrast, Summa provides customized interoperability solutions to companies across the blockchain ecosystem. The Cross-Chain Group is an industry resource and working group dedicated to advancing cross-chain architecture research, design, and implementation. Cross-chain refers to a technology enhancing the interconnection between blockchain networks by allowing the exchange of information and value.
Each tBTC token is fully backed and matched by one reserve BTC. Thus, every TBTC token is backed 1:1 with a BTC token. Also, tBTC is trustless and uses random beacons to select the "signers" who are responsible for the BTC deposited. Thus, one can convert TBTC to BTC and vice versa anytime without a middleman signing.
tBTC further allows users to earn yields without a middleman, reducing counterparty risk and friction. Users can integrate their tBTC with Compound, an Ethereum-based algorithmic money market protocol that allows users to earn yields or borrow assets.
However, tBTC is not a price peg to BTC; instead, it is a supply peg. That implies BTC/tBTC might not be the same in absolute terms. tBTC might trade at a slight discount or at a premium.
ETH is treated as collateral in the exchange process. ETH is a safer collateral type because of the DeFi standard, and the team working on tBTC plans to shift the ETH/BTC collateral ratio from 150% to 135% shortly after launch. tBTC is also working on new mechanisms that could lower that ratio to 40% collateral later.
Integration work is necessary to build tBTC minting and redemption into a dApp. The code is open source, enabling developers to build interfaces that match their products.
The tBTC token was launched on September 22, 2020. The alpha version of tBTC went live on May 15, 2020.
We update our tBTC to USD currency in real-time. Get the live price of tBTC on Coinbase.
The current market cap of tBTC is $899.99K. A high market cap implies that the asset is highly valued by the market.
The all-time high of tBTC is $135,535.46. This all-time high is highest price paid for tBTC since it was launched.
Over the last 24 hours, the trading volume of tBTC is $3.75K.
Assets that have a similar market cap to tBTC include Wrapped Harmony, Shibarium Wrapped BONE, Wrapped Alvey Chain, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of tBTC is 9.
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tBTC calculator
1 tBTC (TBTC) to Canadian Dollar (CAD)
CA$136,595.25
1 tBTC (TBTC) to British Pound (GBP)
£73,613.16
1 tBTC (TBTC) to Japanese Yen (JPY)
¥14,365,768.32
1 tBTC (TBTC) to Indian Rupee (INR)
₹8,583,688.89
1 tBTC (TBTC) to Real (BRL)
R$558,477.49
1 tBTC (TBTC) to Euro (EUR)
€87,312.15
1 tBTC (TBTC) to Nigerian Naira (NGN)
NGN 156,182,063.31
1 tBTC (TBTC) to South Korean Won (KRW)
₩135,656,147.27
1 tBTC (TBTC) to Singapore Dollar (SGD)
S$128,566.94
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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