Binance Wrapped BTC

BTCB

Wrapped Token, derivative weights

A wrapped token, backed 1 to 1 by Bitcoin.

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.24–

Transparencywithheld×0.20–

Revenuewithheld×0.08–

Innovationwithheld×0.12–

Communitywithheld×0.12–

Tokenomicswithheld×0.24–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

See plans

Research, not financial advice. Read the terms.

About Binance Wrapped BTC

Analysis of 17 Feb 2026

Binance Wrapped BTC (BTCB) is a BEP-20 token on BNB Smart Chain maintaining a 1:1 peg with Bitcoin, backed by approximately 65,216 BTC in Binance custody. As of February 17, 2026, BTCB tracks Bitcoin at $68,880, with the token sitting 45% below the October 2025 all-time high of $126,198.

Full overviewShow less

BTCB generates roughly $72 million in 24-hour trading volume across PancakeSwap V3 and other BSC protocols, with a total market cap near $6.78 billion. The token enables Bitcoin holders to access BNB Chain DeFi with sub-dollar gas fees, including Venus Protocol (over $7B TVL) and PancakeSwap ($2.2B TVL).

The wrapped Bitcoin sector has grown substantially since 2023, with WBTC holding an estimated $11.5B market cap (125K BTC) and cbBTC reaching $5.86B (89K tokens) as of mid-February 2026. BNB Chain hosts over $10.2 billion in total DeFi TVL across 300+ protocols, with RWA assets surging 555% YoY to $2B.

Add to watchlist