BitGo’s Wrapped Bitcoin Releases Second Blockchain, Tron

BitGo’s Wrapped Bitcoin releases second blockchain, Tron. According to the company’s public orderbooks, BitGo clients are now issuing new WBTC and WETH as TRC-20 tokens on Tron.

Almost 100 BTCs (about $3.4 million at current prices) were wrapped and minted as TRC-20 WBTC tokens by Alameda Research and CoinList after having tested a few mints executed by BitGo in mid-December. Alameda also minted 1 WETH on Tron on Tuesday morning. Alameda’s Ryan Salame shared that the trading firm’s TRC-20 WBTC and WETH mints were made to meet over-the-counter (OTC) client demand and test the new product.

“Our blossoming alliance with BitGo has finally brought cross-chain solutions like WBTC and WETH to fruition,” Sun said in a statement.

[image: Pinterest]
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