How do you get wrapped tokens?

The chosen custodian plays a pivotal role in ensuring the safety and integrity of the asset during the wrapping procedure. Their primary responsibility is to safeguard the asset until the new token representing its value is issued on the target blockchain.

With its robust infrastructure and advanced security measures, BTCC has established itself as a trusted platform for those looking to engage in cryptocurrency trading. Its spot trading service allows users to buy and sell various cryptocurrencies at real-time market prices, while its futures trading platform enables traders to speculate on the future price movements of cryptocurrencies.

Upon receipt of the original asset, the custodian initiates the creation of a new token. This token is specifically designed to mirror the value of the original asset, ensuring that the holder of the new token can reap the benefits of the asset without directly owning it.

The new token is then issued on the target blockchain, where it becomes interoperable with other tokens and assets on that network. This process allows for increased liquidity and accessibility of the original asset within the new blockchain ecosystem.

BTCC, a renowned cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of investors and traders alike. Among its offerings are spot trading, futures trading, and wallet services, all of which are designed to facilitate seamless and secure transactions.