To address the structural inefficiencies holding BTCFi back, WBTC is evolving beyond a simple wrapper. It is becoming a key coordination layer that enables Bitcoin to move across ecosystems without compromising on user experience, security, or liquidity. Centralized exchanges (CEXs), long the entry and exit ramps for most users, are central to this transformation.
Recognizing the need for better infrastructure, WBTC has begun deep integrations with CEXs to resolve the frictions around wrapping and unwrapping BTC. Traditionally, users faced a multi-step process to convert BTC into a usable asset within DeFi environments—often dealing with bridges, separate custodians, and unpredictable fees. By working directly with exchanges, WBTC is simplifying this process, minimizing risks and reducing operational overhead for users.
HTX is leading this new phase. As the first major exchange to recognize WBTC on Ethereum (ERC-20) as fully equivalent to native BTC, HTX has effectively removed one of the most persistent frictions in BTCFi. Users can now deposit WBTC directly into HTX, where it will be treated as BTC within the platform’s trading and account systems. Furthermore, HTX has waived all fees related to minting and withdrawals for WBTC—fees that previously stood at 0.3%.
When users choose to withdraw, they’re given a new degree of control. HTX allows withdrawals either to Bitcoin’s native chain or to the Ethereum network as WBTC, offering both flexibility and composability for users who straddle CEX and DeFi use cases.
This collaboration sets a precedent for how exchanges can play an active role in unlocking Bitcoin’s utility across ecosystems. It moves WBTC from a passive representation of Bitcoin into an active participant in BTCFi infrastructure, bridging not just chains, but user expectations and technical constraints.
About WBTC - Do More With Your Bitcoin
WBTC is a 1:1 Bitcoin-backed token for DeFi, managed by a decentralized network and governed by the WBTC DAO. It brings Bitcoin utility to high-performance chains, ensuring custody, transparency, and redemption guarantees.
Media Contact: [email protected] | Website: wbtc.network
Abimbola Adu
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