Coinbase Wrapped Staked ETH One Day Volume Hits $1.36 Million (CBETH)

Coinbase Wrapped Staked ETH (CBETH) traded 3.1% higher against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on September 13th. Coinbase Wrapped Staked ETH has a market cap of $433.06 million and $1.36 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last day. In the last week, Coinbase Wrapped Staked ETH has traded up 4.9% against the U.S. dollar. One Coinbase Wrapped Staked ETH token can currently be bought for approximately $2,588.40 or 0.04332186 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in 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 2.2% lower 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 3.6% against the dollar and now trades at $0.0511 or 0.00000086 BTC.
• P2P Solutions foundation (P2PS) traded up 3.4% against the dollar and now trades at $155.53 or 0.00260301 BTC.

Coinbase Wrapped Staked ETH Token Profile

Coinbase Wrapped Staked ETH’s genesis date was 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.”

Buying and Selling Coinbase Wrapped Staked ETH

It is usually not possible to buy alternative cryptocurrencies such as Coinbase Wrapped Staked ETH directly using US dollars. Investors seeking to acquire Coinbase Wrapped Staked ETH should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Coinbase Wrapped Staked ETH using one of the exchanges listed above.

CBETH/USD price chart by TradingView