Coinbase Wrapped Staked ETH (CBETH) Hits Self Reported Market Capitalization of $439.66 Million

Coinbase Wrapped Staked ETH (CBETH) traded up 0.3% against the US dollar during the 1 day period ending at 7:00 AM ET on February 6th. Over the last week, Coinbase Wrapped Staked ETH has traded 12.7% lower against the US dollar. Coinbase Wrapped Staked ETH has a market capitalization of $439.66 million and approximately $1.57 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last day. One Coinbase Wrapped Staked ETH token can currently be purchased for about $3,049.53 or 0.03090871 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last day:

• GMX (GMX) traded up 0.8% against the dollar and now trades at $17.24 or 0.00017471 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.7% higher against the dollar and now trades at $98,722.80 or 1.00061286 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.2% against the dollar and now trades at $98,425.93 or 0.99760389 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Coinbase Wrapped Staked ETH Profile

Coinbase Wrapped Staked ETH was first traded on August 23rd, 2022. Coinbase Wrapped Staked ETH’s total supply is 373,734 tokens and its circulating supply is 144,174 tokens. The official website for Coinbase Wrapped Staked ETH is www.coinbase.com/price/coinbase-wrapped-staked-eth. Coinbase Wrapped Staked ETH’s official Twitter account is @coinbaseassets and its Facebook page is accessible here.

According to CryptoCompare, “CBETH is a token that represents staked ETH on the Ethereum 2.0 network. It allows users to participate in staking without having to lock up their ETH or run a validator node. CBETH can be traded on DeFi platforms and used as collateral for lending and borrowing. CBETH was created by Coinbase, a cryptocurrency exchange platform. It can be used to participate in Ethereum 2.0 staking indirectly, trade on DeFi platforms, use as collateral for lending and borrowing, and enhance liquidity in the Ethereum ecosystem. CBETH is a wrapped token, which means that it is backed by a certain amount of ETH. When you purchase CBETH, you are essentially buying a claim to a portion of the ETH that has been staked on the Ethereum 2.0 network. You will receive staking rewards proportional to your CBETH holdings.”

Coinbase Wrapped Staked ETH Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Coinbase Wrapped Staked ETH directly using U.S. dollars. Investors seeking to trade Coinbase Wrapped Staked ETH should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Coinbase Wrapped Staked ETH using one of the aforementioned exchanges.

CBETH/USD price chart by TradingView