We’re pleased to announce that BiKi.com is the first Asia exchange to form a strategic partnership with Wrapped Bitcoin (WBTC). The project strives to deliver the power of Bitcoin with the flexibility of an ERC20 token and is backed 1:1 with Bitcoin.
Deposit, trading, and withdrawal of WBTC is now live on BiKi.com, get your tokens now at https://www.biki.cc/en_US/trade/WBTC_BTC
WBTC is an ERC20 token backed 1:1 with bitcoin in BitGo’s custody. Designated entities called ‘merchants’ can mint WBTC by depositing bitcoin in BitGo. As such, WBTC allows for price exposure to bitcoin within Ethereum applications. For example, taking a BTC backed loan on Compound or MakerDAO would not be possible without tokens like WBTC that abide by the ERC20 standard.
Learn more about the project at https://wbtc.network