CoinList issues a record WBTC batch worth $57.1 million

The token-sale platform CoinList updated the daily issuance record for the Bitcoin-backed token Wrapped Bitcoin (WBTC). The company released 4,997 WBTC worth $57.1 million.

On Wednesday, October 14, CoinList also executed the largest transaction — 3,697 WBTC.

The latest, largest mint ever: @CoinList with ~3700 BTCs!https://t.co/FGmeseAU5y https://t.co/5XAi9GUhgK

— WBTC (@WrappedBTC) October 14, 2020

CoinList’s head of financial products, Matthew Duval, told CoinDesk that the company sees more balanced demand for the Bitcoin-backed token.

According to the BTC on Ethereum service, the total value of WBTC reached nearly $1.2 billion. Behind it by a large margin followed renBTC ($307.5 million), HBTC ($68.6 million) and sBTC ($27.8 million).

The combined market capitalization of Ethereum tokens pegged to Bitcoin stands at $1.63 billion.

Data: BTC on Ethereum.

In this market segment, WBTC accounts for 72.8%. RenBTC 19.6%, HBTC 4.24% in third place.

Market share of “Bitcoin on Ethereum” by Dune Analytics.

Earlier on 24 September, the crypto fund Three Arrows Capital executed an issuance of 2316 WBTC. Alameda Research, the parent company of the FTX exchange, issued a total of 4093.36 WBTC, setting a new record.

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