Coinbase Launches cbBTC with a Circulating Supply of 1969, Market Cap Near $120 Million

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September 19, 2024
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Coinbase Wrapped BTC (cbBTC) Gains Traction

According to Dune Analytics, the circulating supply of Coinbase Wrapped BTC (cbBTC) has reached 1,969 coins. The majority of this supply, 55.3%, resides on the Ethereum blockchain, while Base chain accounts for 44.7%.

The current market capitalization of cbBTC is close to $120 million ($118,025,715), with a 24-hour trading volume exceeding $290 million.

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