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sbtc  (SBTC)

sBTC (SBTC)

$36,364 -1.1%
1.00518200 BTC 0.4%
16.12455627 ETH -1.3%
488 people like this
Market Cap
$60,336,145
24 Hour Trading Vol
$300,991
24h Low / 24h High
$35,287 / $36,754
Circulating Supply
1,670 / 1,669
Fully Diluted Valuation
$60,336,145
Max Supply
1,669

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0% 0%
1h
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7d
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1y
0.7%
-1.1%
-3.5%
-1.9%
-2.5%
287.8%

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sBTC Price and Market Stats

sBTC Price
SBTC Price $36,364
Market Cap $60,336,145
Market Cap Dominance 0.00%
Trading Volume $300,991
Volume / Market Cap 0.0046
24h Low / 24h High $35,287 / $36,754
7d Low / 7d High $35,987 / $41,028
Market Cap Rank #383
All-Time High $65,586 -44.9%
Apr 14, 2021 (2 months)
All-Time Low $4,107.15 779.4%
Mar 13, 2020 (over 1 year)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 SBTC/SUSD
$36,351.56
36044.41179587 SUSD
- - -
$261,221
7.186 SBTC
86.79% Recently -
2 SBTC/ETH 0xfe18be6b3bd88a2d2a7f928d00292e7a9963cfc6
$38,365.07
16.0050998066373 ETH
- - -
$2,013
0.052 0XFE1
- **2 days ago Updated 2 days ago -
3 SBTC/DAI Info 0xfe18be6b3bd88a2d2a7f928d00292e7a9963cfc6
* $67,852.45
67705.1874824692 DAI
7.49% $1 $1
$0
0.000 0XFE1
- **6 days ago Updated 5 days ago -
4 SBTC/ETH Info 0xfe18be6b3bd88a2d2a7f928d00292e7a9963cfc6
* $0.00
0 ETH
0.01% $0 $0
$0
0.000 0XFE1
- **6 days ago Updated 6 days ago -
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

sBTC Coin Price & Market Data

sBTC price today is $36,364 with a 24-hour trading volume of $300,991. SBTC price is down -1.1% in the last 24 hours. It has a circulating supply of 1.7 Thousand SBTC coins and a max supply of 1.67 Thousand. If you are looking to buy or sell sBTC, Synthetix Exchange is currently the most active exchange.

What is sBTC?

sBTC or synthetic BTC is a synthetic asset launched by Synthetix Exchange. sBTC mirrors and tracks the price of Bitcoin provided by an oracle - Chainlink.

 

What are synthetic assets?

Synthetic assets or Synths are derivatives that provide exposure to real-world assets on the Ethereum blockchain. Like derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements, and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset.

 

How can I obtain sBTC?

To obtain sBTC, users must first obtain Synthetix Network Tokens, which is Synthetix’s native token. Users can buy SNX from exchanges such as Binance and Uniswap

With SNX, users can then stake SNX as collateral on Mintr to mint sUSD, a synthetic US dollar stablecoin. 

The amount of sUSD minted will depend on two factors: SNX staked and the collateralization ratio (C-Ratio) of the platform. Currently, the C-Ratio is 500%. This means that if the value of SNX or Synths fluctuates, the user’s C-Ratio will fluctuate as well. 

The minted sUSD can then be exchanged for sBTC or other Synths on Synthetic Exchange.

Alternatively, users can also buy sUSD directly on Synthetix Exchange with ETH. The purchased sUSD minted can then be exchanged for sBTC and other Synths on Synthetic Exchange.

 

What other synthetic assets are there? 

The Synths tab within Synthetix Exchange displays all its supported synthetic assets available to trade.  To learn more about the inner workings of the different Synth types in detail, simply head to Synthetic’s litepaper.

In general, there are five types of synthetic assets:

Foreign Exchange (Forex): Synths that track the price of forex currencies

Examples: sUSD, sEUR, sAUD etc.

 

Commodity: Synths that track the price of commodities

Examples: sOIL, sXAU, sXAG

 

Crypto: Synths that track the price of cryptocurrencies

Examples: sBTC, sETH, sXRP etc.

 

Index: Synths that track an index - a basket of stocks or cryptocurrencies

Examples: sDEFI, sCEX, sNIKKEI etc.

 

Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities

  • Examples: iBTC, iETH, iOIL, etc.

 

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