Changelly welcomes one more token accessible for change on the platform — the WBTC token. Customers can change WBTC for different digital property at floating charges. Wrapped Bitcoin is a tokenized model of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.
WBTC is compliant with ERC-20, which permits it to be totally built-in into the latter’s ecosystem of decentralized exchanges, crypto lending companies, prediction markets, and different ERC-20-enabled DeFi purposes. WBTC can be backed by Bitcoin at a 1:1 ratio by way of a community of routinely monitored retailers and custodians, making certain that its worth is pegged to Bitcoin always and permitting customers to switch liquidity between the BTC and the ETH networks in a decentralized and autonomous method.
We’re excited so as to add WBTC token to our platform, because it encompasses some great benefits of each Bitcoin and Ethereum. This itemizing will certainly carry a number of advantages to our customers.
Wrapped Bitcoin (WBTC) is the primary ERC20 token backed 1:1 by Bitcoin. By “wrapping” BTC within the ERC-20 customary, WBTC permits full integration of a Bitcoin-like asset into this superior surroundings of economic decentralized purposes, bringing alongside the immense liquidity related to the BTC market.
Changelly gives an ecosystem of services and products that allows clients to have a one-stop-shop expertise when participating with crypto.
Working since 2015, Changelly acts as an middleman between crypto exchanges and customers, providing entry to 200+ cryptocurrencies that may be effortlessly exchanged inside 10 minutes on desktop and on the go by way of Changelly cell app.
In 2020, Changelly branched out to accommodate the wants of merchants. PRO has been constructed as a platform targeted on the shopper’s wants, successfully enabling retail shopping for and promoting digital tokens and cash. Piggybacking on the nice assist system discovered inside Changelly, Changelly PRO will present the neighborhood with excessive limits, efficient pricing, quick execution, and 24/7 stay assist.
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