xBTC is a wrapped token issued by OKX, strictly adhering to a 1:1 reserve mechanism. This innovative solution allows you to seamlessly use Bitcoin across DeFi ecosystems while maintaining the same security as native BTC. Simply convert your Bitcoin to xBTC and unlock a world of decentralized finance opportunities.
Why Choose xBTC?
1:1 Bitcoin-Backed Security
xBTC is a fully collateralized token where each unit is backed 1:1 by Bitcoin held in custody by OKX. The reserves are verifiable through real-time Proof of Reserve (PoR) audits on-chain.
DeFi Integration
- Access lending protocols and liquidity mining pools
- Participate in yield farming strategies
- Utilize cross-chain interoperability via OKX's deposit/withdrawal services
Enhanced Functionality
Maintain Bitcoin's security while gaining flexibility to:
- Earn interest on idle BTC
- Provide liquidity in decentralized exchanges
- Collateralize loans in money markets
How to Use xBTC
Conversion Process
Withdrawing BTC from OKX:
- When transferring BTC from your OKX exchange account to supported blockchains, you'll receive equivalent xBTC on the destination chain.
Depositing xBTC to OKX:
- Sending xBTC back to your OKX account automatically converts it to native BTC at 1:1 ratio.
xBTC in DeFi Ecosystems
Currently available on Solana, Sui, and Aptos networks with more chains coming soon. Key integration platforms include:
| Platform | Network | Key Features |
|---|---|---|
| Navi Protocol | Sui | Native lending/borrowing platform |
| Hyperion DEX | Aptos | Hybrid orderbook-AMM exchange |
| Aries Markets | Multiple | Decentralized leveraged trading |
| Kamino Finance | Solana | Concentrated liquidity vaults |
| Orca | Solana | Low-slippage DEX |
Transparency & Security
All xBTC tokens are fully backed by verifiable BTC reserves:
- Total Reserves: 1,078.744 BTC ($114,578,692.75)
- Circulating Supply: 1,078.645 xBTC ($114,568,200.71)
👉 Explore xBTC opportunities on OKX today and unlock Bitcoin's DeFi potential!
Frequently Asked Questions
What is xBTC?
xBTC is a wrapped token representing Bitcoin on supported blockchains, enabling BTC usage across DeFi applications while maintaining 1:1 backing by OKX-held reserves.
How do I convert BTC to xBTC?
Withdraw BTC from your OKX account to a supported blockchain - you'll automatically receive equivalent xBTC on the destination network.
Can I trade xBTC directly on OKX?
Currently, xBTC must be converted back to BTC when deposited to OKX, as there are no direct xBTC trading pairs.
Are there conversion fees?
Only standard withdrawal fees apply when converting BTC to xBTC - no additional charges for the wrapping process.
Has xBTC been audited?
Yes, independent audits were completed by Certik and MoveBit on May 19, 2025, verifying the smart contract security.
Ready to expand your Bitcoin utility? 👉 Start using xBTC across leading DeFi platforms today!