Coinbase's Wrapped Bitcoin (cbBTC) Surpasses $6 Billion in Market Capitalization, with a Circulating Supply of 53,822 Coins

By: theblockbeats.news|2025/07/22 07:51:50

BlockBeats News, July 22nd, according to Dune Analytics, the circulating supply of Coinbase's wrapped Bitcoin, Coinbase Wrapped BTC (cbBTC), has reached 53,822 coins. This marks an increase of over 7,300 coins in the past month. The market cap of cbBTC has surpassed $6 billion for the first time, currently standing at $6.3 billion, placing it as the second-largest wrapped Bitcoin in terms of market share at 26.2%, second only to wBTC.

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