BiT Global claims Coinbase delisted WBTC for ‘competitive advantage’
Coinbase contends the delisting was based on a standard review of WBTC’s suitability to trade on the exchange. Go to Source
cbBTC
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Coinbase to delist WBTC
Coinbase has already discontinued market trading of WBTC and is only facilitating limit orders. Go to Source
Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market
The deployment will allow users to utilize Bitcoin in Solana’s burgeoning DeFi ecosystem, according to Coinbase. Go to Source
DeFi resurgence driven by Fed cuts, China, key protocols
An Apollo Crypto report links DeFi resurgence to US Federal Reserve rate cuts, China’s credit expansion and improved DeFi infrastructure. Go to Source
Coinbase to add proof of reserves to Bitcoin wrapper cbBTC
Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency. Go to Source
WBTC Hits New High on Aave, Coinbase’s Wrapped Bitcoin Supply Soars
It’s been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8 million. Bitcoin Derivative Landscape Shifts … Read more
Wrapped Bitcoin supplied on Aave hits record high despite backing fears
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama. Go to Source
21.co’s Bitcoin wrapper to add Chainlink proof of reserve
The integration comes as other Bitcoin wrappers face scrutiny for custody practices. Go to Source
Coinbase chief legal officer responds to cbBTC service terms fears
Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper. Go to Source
Coinbase’s cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications. Go to Source
