Coinbase Wrapped Staked ETH Hits 24-Hour Trading Volume of $6.76 Million (CBETH)

Coinbase Wrapped Staked ETH (CBETH) traded 15.4% lower against the dollar during the twenty-four hour period ending at 8:00 AM Eastern on April 7th. During the last week, Coinbase Wrapped Staked ETH has traded 16.8% lower against the dollar. Coinbase Wrapped Staked ETH has a total market capitalization of $209.20 million and $6.76 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last day. One Coinbase Wrapped Staked ETH token can now be purchased for $1,653.01 or 0.02137291 BTC on major exchanges.

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

• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 7.2% against the dollar and now trades at $76,806.68 or 0.99308795 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 7.5% lower against the dollar and now trades at $76,202.86 or 0.98528072 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Coinbase Wrapped Staked ETH

Coinbase Wrapped Staked ETH was first traded on August 23rd, 2022. Coinbase Wrapped Staked ETH’s total supply is 373,334 tokens and its circulating supply is 126,556 tokens. Coinbase Wrapped Staked ETH’s official Twitter account is @coinbaseassets and its Facebook page is accessible here. The official website for Coinbase Wrapped Staked ETH is www.coinbase.com/price/coinbase-wrapped-staked-eth.

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 currently possible to buy alternative cryptocurrencies such as Coinbase Wrapped Staked ETH directly using U.S. dollars. Investors seeking to acquire Coinbase Wrapped Staked ETH should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Coinbase Wrapped Staked ETH using one of the aforementioned exchanges.

CBETH/USD price chart by TradingView