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Wrapped Bitcoin Trades at Discount Amid Market Contagion

WBTC’s discount dropped to as low as 1.5% as questions swirled over whether the token is fully backed. Custodian BitGo clarified that it is.

This chart shows that wrapped bitcoin has been trading at a discount after FTX's collapse. (Kaiko)
This chart shows that wrapped bitcoin has been trading at a discount after FTX's collapse. (Kaiko)