Wrapped Bitcoin ‘Burns’ Increase as Traders Rotate Capital Out of Cooling DeFi
WBTC burns picked up in November, continuing into December.
How do you trade bitcoin now? Carefully.
Tokensoft is wrapping bitcoin and ether so traders can access them on any one of Kadena’s chains.
Also: Why there’s growing demand for bitcoin on Ethereum.
BitGo “unwrapped” over 11,600 WBTC last month.
Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.