Wrapped Bitcoin

Halal Rating :
Questionable
Last Price $62,938.32 Last updated:
Rank 202
1D Change -4.89 %
Market Cap $9.77b
Circulating supply 155,268
Maximum supply None

Crypto Overview

Categories
  • Medium of Exchange
  • DeFi
  • Wrapped Tokens
  • Fantom Ecosystem
  • Arbitrum Ecosystem
  • Moonriver Ecosystem
  • Optimism Ecosystem
  • Bitcoin Ecosystem

Wrapped bitcoin (wBTC) is bitcoin that has been converted for use on the Ethereum ecosystem. Launched in January 2019, wBTC is an Ethereum token that's backed one-to-one by bitcoin (BTC), which means that one wBTC is always equal to one bitcoin.

Crypto Impact

To assign a comfort level investing in Wrapped Bitcoin from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Wrapped Bitcoin.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating