Price change (24h):
0.50%
High (24h):
$64505
Low (24h):
$62637
Volume (24h):
$640.07K
Market Cap:
$382.74M
All Time High:
49.36% $126108.00
Oct 6, 2025
All Time Low:
10% $58028.00
Jul 1, 2026
Kraken Wrapped BTC
KBTC41.05 %(1Y)
$64099
About Kraken Wrapped BTC
Kraken Wrapped Bitcoin (kBTC) is a cryptocurrency that exists as a fully reserved ERC-20 token, backed 1:1 by native Bitcoin held in Kraken’s qualified custody. It is categorized as a crypto-backed wrapped token, living at the intersection of the DeFi, Ethereum Ecosystem, Optimism Ecosystem, Ink Ecosystem, and Unichain Ecosystem categories, and is further tagged under rehypothecated crypto.
The token directly resolves the stubborn incompatibility between Bitcoin’s deep, highly liquid markets and the programmability of Ethereum Virtual Machine networks. kBTC allows Bitcoin to function as a native asset inside automated market makers, lending protocols, and derivatives platforms. It transforms idle BTC into yield-bearing collateral without synthetic constructs or algorithmic pegs.
It operates on the Ethereum, Optimism, Ink, and Unichain networks, inheriting the security and consensus mechanisms of each respective host chain. No independent blockchain or validator set exists for kBTC; the token’s integrity is bound to the decentralized validators and block producers of those networks. A single contract address deploys the token uniformly across these environments, ensuring composability.
Bitcoin deposits trigger the minting of kBTC, while redemptions trigger immediate burning, creating a strict, cryptographically enforceable supply relationship. Kraken’s qualified custody holds an amount of native BTC exactly equal to the circulating supply, and any client can verify this reserve onchain at any time. This direct, permissionless auditability sets kBTC apart from wrapped Bitcoin designs reliant on opaque multisig vaults or federated trust models.
Kraken, the centralized exchange, introduced kBTC to function as an on-chain extension of its custodial infrastructure into decentralized finance. The launch was documented in a detailed blog post that serves as the project’s whitepaper, outlining the technical and operational framework. Support rapidly expanded across multiple EVM-compatible rollups and sidechains, reflecting Kraken’s push to embed its custodial Bitcoin into the broader multi-chain DeFi landscape.
The project’s long-term objective is to dissolve the historical walls between centralized custody and permissionless financial protocols. By delivering a transparently auditable, institutionally backed Bitcoin peg, kBTC positions itself as a neutral bearer instrument for bitcoin’s value on non-Bitcoin rails. This mission rests on cryptographic proof of reserves rather than on reputation alone.
Minting occurs exclusively upon verified Bitcoin deposit; burning happens upon redemption of the underlying asset, leaving no supply outside of actual bitcoin claims. Within DeFi, the token acts as the settlement and collateral layer for bitcoin-denominated positions, allowing smart contracts to treat BTC value exactly like any other ERC-20 asset. It serves as the primary vehicle for transferring bitcoin’s purchasing power across the Optimism, Ink, and Unichain superchain without fragmented liquidity.
Liquidity providers deposit kBTC into automated market maker pools to earn swap fees from trading volume. Borrowers lock it as collateral to secure loans denominated in stablecoins or other digital assets. Arbitrageurs continuously trade kBTC against native BTC and competing wrapped tokens, enforcing tight price alignment through profit-seeking mechanics.
Kraken Wrapped Bitcoin has a maximum supply of 21,000,000 tokens. Currently, 3,285.19 are in circulation. With a market capitalization of $255,053,844, Kraken Wrapped Bitcoin ranks #8,469 among all cryptocurrencies.
Kraken Wrapped BTC Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $63,874.00 | $63,994.00 | $64,505.00 | $62,637.00 |
| 06/07/2026 | $62,840.00 | $63,874.00 | $63,921.00 | $61,339.00 |
| 05/07/2026 | $63,383.00 | $62,839.00 | $63,384.00 | $62,430.00 |
| 04/07/2026 | $62,236.00 | $63,380.00 | $63,402.00 | $62,236.00 |
| 03/07/2026 | $61,421.00 | $62,194.00 | $62,304.00 | $61,172.00 |
| 02/07/2026 | $60,191.00 | $61,460.00 | $62,096.00 | $59,554.00 |
| 01/07/2026 | $58,714.00 | $60,227.00 | $60,405.00 | $58,028.00 |
| 30/06/2026 | $58,550.00 | $58,687.00 | $58,687.00 | $58,181.00 |
Why is manual trading Kraken Wrapped BTC a bad idea?
Manual kbtc trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
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Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Kraken Wrapped BTC (KBTC) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live KBTC price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Kraken Wrapped BTC (KBTC) is $64099. Over the last 24 hours, it has moved 0.50%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Kraken Wrapped BTC on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your KBTC investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Kraken Wrapped BTC's price is influenced by overall crypto market trends, trading volume, investor sentiment, regulatory news, and macroeconomic events. High volatility is common - KBTC can move 5-15% in a single day. This makes timing the market extremely difficult for manual traders but creates opportunities for systematic, data-driven strategies.
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We can’t provide investment advice. Whether Kraken Wrapped BTC is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. KBTC can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
