Coinbase Wrapped Staked ETH One Day Volume Reaches $2.07 Million (CBETH)

Coinbase Wrapped Staked ETH (CBETH) traded 1.4% lower against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on March 10th. One Coinbase Wrapped Staked ETH token can now be purchased for $2,306.62 or 0.02794168 BTC on major cryptocurrency exchanges. During the last seven days, Coinbase Wrapped Staked ETH has traded 10.1% lower against the U.S. dollar. Coinbase Wrapped Staked ETH has a total market cap of $310.80 million and $2.07 million worth of Coinbase Wrapped Staked ETH was traded on exchanges in the last day.

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

• Taiko (TAIKO) traded down 3.2% against the dollar and now trades at $0.75 or 0.00000906 BTC.
• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.9% lower against the dollar and now trades at $82,321.12 or 0.99721333 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 4.2% lower against the dollar and now trades at $81,676.80 or 0.98940821 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Coinbase Wrapped Staked ETH Token Profile

Coinbase Wrapped Staked ETH’s launch date was August 23rd, 2022. Coinbase Wrapped Staked ETH’s total supply is 373,734 tokens and its circulating supply is 134,741 tokens. Coinbase Wrapped Staked ETH’s official Twitter account is @coinbaseassets and its Facebook page is accessible here. The official website for Coinbase Wrapped Staked ETH is www.coinbase.com/price/coinbase-wrapped-staked-eth.

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 currently possible to purchase alternative cryptocurrencies such as Coinbase Wrapped Staked ETH directly using US dollars. Investors seeking to trade Coinbase Wrapped Staked ETH should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Coinbase Wrapped Staked ETH using one of the exchanges listed above.

CBETH/USD price chart by TradingView