What is 21.co Wrapped BTC?

Symbol: 21BTC

Short answer

21.co Wrapped BTC (21BTC) is a cryptocurrency.

Source: isthiscoinascam.com

Overview

21.co Wrapped BTC is a token that represents Bitcoin on blockchain networks, with each token being backed 1:1 by actual Bitcoin held in custody. The assets are maintained by independent institutional-grade custodians, ensuring security and reliability.

The minting and burning processes for Wrapped BTC utilize Onyx, the proprietary operating system of 21.co, which aims to facilitate cross-chain liquidity. The project encompasses technology products for both EVM and non-EVM based networks, providing a comprehensive solution for using Bitcoin across different platforms.

Scam-risk analysis

21.co Wrapped BTC has a moderate score — some risk signals were raised but no critical concerns. Is 21.co Wrapped BTC a scam?

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