Thanks to the technical advantages of BNB Smart Chain, we can provide Bitcoin and DeFi users with additional use cases, fulfilling the expectations and requirements of the community.īTCB is an ideal asset for everyone who holds some Bitcoin and wants to do more with it. Your BTC remains locked, and you can redeem your BTCB and claim the locked BTC at any time. With BTCB, you can do all of this without selling your BTC and missing the potential BTC price gains. Without BTCB, you’d have to sell your BTC, miss the potential price gains, and purchase DeFi assets to participate in the DeFi ecosystem and interact with dApps. The main advantage of BTCB to regular users is clearly in the ability to hold BTC while leveraging the DeFi ecosystem via BTCB to increase their gains. The amount of locked BTC may not be exactly the same as the wrapped BTC because this audit data is not updating in real-time, but instead, it’s processed weekly. The transparency is ensured through the Proof of Assets webpage, where you can verify the current supply for all locked and issued assets on the public blockchain. Our job is to ensure the impenetrable security of your funds and transparency. The centralized and trust-based model implies that the issuer of the wrapped BTCB tokens is Binance. The 1:1 peg means that the amount of wrapped BTCB is equal to the amount of BTC locked in a public address. BTCB is operated on a centralized and trust-based model. Introducing the BTCB, 1:1 wrapped Bitcoin on BNB Smart Chain.īTCB is a BEP2/BEP20 asset wrapped (pegged) on BNB Beacon Chain/BNB Smart Chain with a 1:1 peg to BTC locked on the Bitcoin blockchain. Freedom of money goes hand in hand with Bitcoin, and we believe that to achieve this ultimate goal, it’s required to explore all the potential use cases of Bitcoin.

We intend to continue to honor this value – innovating the ecosystem to provide opportunities for our diverse community to achieve the freedom of money. The first principle of Binance is always to place our users’ interests first.

With the increasing number of bitcoin users comes a variety of new expectations and use cases for Bitcoin. Millions of new bitcoin users are joining the ecosystem on the news of Bitcoin breaching $18,000, and the all-time high market cap of $336 billion only confirms this. As the public awareness and adoption of Bitcoin increases, masses of new users are beginning to enter the market.

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