Coinbase Wrapped Staked ETH Trading Down 9% Over Last Week (CBETH)

Coinbase Wrapped Staked ETH (CBETH) traded 1.6% higher against the dollar during the 1-day period ending at 7:00 AM Eastern on August 21st. Coinbase Wrapped Staked ETH has a market cap of $615.59 million and $15.53 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last day. Over the last seven days, Coinbase Wrapped Staked ETH has traded 9% lower against the dollar. One Coinbase Wrapped Staked ETH token can currently be bought for about $4,724.57 or 0.04166126 BTC on popular exchanges.

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

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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 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 down 0.1% against the dollar and now trades at $113,392.81 or 0.99989801 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $113,305.99 or 0.99944004 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• P2P Solutions foundation (P2PS) traded 2.2% higher against the dollar and now trades at $385.78 or 0.00340177 BTC.

About Coinbase Wrapped Staked ETH

Coinbase Wrapped Staked ETH launched on August 23rd, 2022. Coinbase Wrapped Staked ETH’s total supply is 373,334 tokens and its circulating supply is 130,295 tokens. Coinbase Wrapped Staked ETH’s official website 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 buy alternative cryptocurrencies such as Coinbase Wrapped Staked ETH directly using U.S. dollars. Investors seeking to trade Coinbase Wrapped Staked ETH should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Coinbase Wrapped Staked ETH using one of the exchanges listed above.

CBETH/USD price chart by TradingView