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The cbBTC/USD Exchange Rate Launches on the API3 Market

Twitter icon  •  Published 2 months ago on November 11, 2024  •  Hassan Maishera

On Sunday, the API3 team announced via X that the cbBTC/USD Exchange Rate is now available on the API3 Market.

The cbBTC/USD Exchange Rate Launches on the API3 Market

On Sunday, the API3 team announced via X that the cbBTC/USD Exchange Rate is now available on the API3 Market. $cbBTC is Coinbase’s fully transferable wrapped BTC token, backed 1:1 by BTC stored securely at Coinbase.

Thanks to this latest development, API3 users can now use this new data feed to build on-chain products across 38 blockchains. 

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.724, up 3% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.