🚀 CEX IO Today's Quiz! 16 July 2025 ⁉️ What is Wrapped Bitcoin (WBTC)? I Use BTC in DeFi without selling 1. Why is WBTC described as a "superpower" for your Bitcoin? ✅ It gives BTC access to DeFi tools 2. What backs each unit of WBTC? ✅ Real Bitcoin held by a custodian 3. What kind of crypto tool is WBTC considered? ✅ A bridge between blockchains 4. How is the backing of WBTC made transparent? ✅ Reserves are publicly verifiable on-chain 5. Why was WBTC created? ✅ To let Bitcoin be used in Ethereum-based DeFi applications 6. What is one benefit of using WBTC? ✅ You don't have to sell your Bitcoin to access DeFi 7. What should users remember before diving into DeFi with WBTC? ✅ DeFi carries risks and needs research 8. What powers the functionality of WBTC in DeFi? ✅ Ethereum smart contracts 9. What is Wrapped Bitcoin (WBTC)? ✅ A tokenized version of Bitcoin that runs on the Ethereum blockchain 10. What happens when you wrap your Bitcoin? ✅ You exchange it for an equal amount of WBTC 11. What can you do with WBTC? ✅ Lend, borrow, and trade in DeFi 12. Why can’t native Bitcoin be used directly in Ethereum DeFi? ✅ Bitcoin doesn’t support smart contracts 🚶Follow & Like #CEXIO #CEXIOCombo Join: https://t.co/iu0vUcQxeg
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