Coinbase Wrapped Staked ETH Price Tops $3,672.06 on Major Exchanges (CBETH)

Coinbase Wrapped Staked ETH (CBETH) traded 0.8% lower against the U.S. dollar during the twenty-four hour period ending at 21:00 PM ET on July 2nd. Coinbase Wrapped Staked ETH has a market capitalization of $614.37 million and approximately $2.38 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last day. One Coinbase Wrapped Staked ETH token can now be bought for about $3,672.06 or 0.05918216 BTC on major cryptocurrency exchanges. Over the last week, Coinbase Wrapped Staked ETH has traded 0.6% higher against the U.S. dollar.

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

• KILT Protocol (KILT) traded down 0.3% against the dollar and now trades at $0.21 or 0.00000336 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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.
• Lumi Credits (LUMI) traded 1.1% higher against the dollar and now trades at $0.0120 or 0.00000019 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Coinbase Wrapped Staked ETH Profile

Coinbase Wrapped Staked ETH launched on August 23rd, 2022. Coinbase Wrapped Staked ETH’s total supply is 1,445,265 tokens and its circulating supply is 167,309 tokens. The official website for Coinbase Wrapped Staked ETH 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 presently 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 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