renBTC (RENBTC) Price Today: RENBTC Live Price, Charts, News - Crypto.com US

All Coins Baskets Earn Staking Derivatives OTC

All Stocks Whale Baskets ETFs

Sports Financials Elections Economics

Crypto.com AppFor everyday users

Crypto Stocks Predictions Visa Signature® Credit Card Banking Level Up IRAs

ExchangeFor advanced traders

Spot Order Book Trading Bots Trading API OTC CDCX CLI TradingView

OnchainFor web3 enthusiasts

Swap Stake Browse dApps

ExchangeFor advanced traders

Institutions OTC Custody API & FIX 4.4 TradingView Predictions

PayFor merchants

Merchant Sign Up

Pay Terminal Pay SDK eCommerce Plugins

CronosEVM-Compatible Layer 1

Programs

Affiliate Market Maker VIP Portal

Crypto.com

About Us Company News Product News Events Careers Partners Security Licenses & Registration

Developers

Cronos PoS Cronos EVM Cronos zkEVM Pay SDK AI Agent SDK MCP Servers Trading Skill Repo

Learn

Learn Bitcoin Buy Crypto Invest in Crypto Research Market Updates

Market

renBTC

The renBTC price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

Buy

Sell

One time

USD

10

USD

RENBTC

RENBTC

≈

0.00053032976

RENBTC

$50

$150

$500

Explore RENBTC in Onchain

RENBTC may be available for swapping via Onchain, our official decentralized product. Try it now.

Explore RENBTC in Onchain

RENBTC may be available for swapping via Onchain, our official decentralized product. Try it now.

renBTC Price History

Time	Price	Change
Today	$18,856.19	0.00%
1 day	$17,474.83	+$1,381.36 (7.91%)
1 week	$15,989.61	+$2,866.58 (17.93%)
1 month	$19,541.25	-$685.06 (5.29%)
1 year	$16,171.25	+$2,684.94 (10.91%)

About renBTC

renBTC Price Summaries

renBTC's price today is $18,856.19, with a 24-hour trading volume of $4,593. RENBTC is +7.91% in the last 24 hours. It is currently -0.16% from its 7-day all-time high of $18,887.04, and 25.21% from its 7-day all-time low of $15,059.97.RENBTC has a circulating supply of 330 RENBTC and a max supply of 13,698 RENBTC.

What is renBTC?

RenBTC (RENBTC) is an ERC-20-backed 1:1 coin by Bitcoin. Users can obtain renBTC by sending BTC to a RenVM address on the Bitcoin blockchain. This locks the user's BTC in the address, mints renBTC, and sends it to a designated wallet on the Ethereum blockchain.

RENBTC can be used on Ethereum and other blockchains’ decentralised apps (dapps) while being tied to Bitcoin’s value.

A brief history of renBTC

Ren, formerly known as Republic Protocol, is the development firm behind the Ren ecosystem and was founded by Taiyang Zhang, who is its current CEO, and Loong Wang, who was also the company’s CTO before leaving in October 2021. RenBTC went live in mid-May 2020.

Before Ren, Zhang was a founding member of KeeperDAO and one of the co-founders of cryptocurrency trading firm Virgil Capital. Wang was the lead software developer for Neucode, and he also holds an academic position at the Australian National University.

Shortly after its debut, there was a dispute over how all RENBTC was housed in a single wallet, meaning a single corporation owned US$200 million in user money as of late August 2020. Wang noted that it was a precautionary measure for a large project at an early stage.

How renBTC works

Users can obtain RENBTC by sending BTC to a RenVM address on the Bitcoin blockchain. This locks the user's BTC in the address, mints RENBTC, and sends it to a designated wallet on the Ethereum blockchain.

RenVM stores the deposited BTC in a network of decentralised nodes called ‘darknodes’, which require a minimum stake of 100,000 REN tokens to run.

To redeem BTC, users need to burn RENBTC on Ethereum. The locked BTC is released to a designated Bitcoin address when the RENBTC burn is confirmed.

What is RENBTC used for?

The token is a direct rival to Wrapped Bitcoin (wBTC). It is a fully asset-backed token, as for every RENBTC, one BTC must be deposited.

Ren enables users to deposit BTC to generate RENBTC, an ERC-20 token they can then use in Ethereum's ecosystem (e.g., to interact with other ERC-20 tokens, dapps and smart contracts, or DeFi protocols). Bitcoin itself has no smart contract capabilities, so Ren works as a bridge to equip BTC with Ethereum capabilities while maintaining a peg to Bitcoin.