Coinbase to delist wBTC as Justin Sun gains influence over protocol, launches its own wrapped bitcoin token
Exchanges
• November 19, 2024, 1:02PM EST
Published 1 minute earlier on
UPDATED: November 19, 2024, 2:40PM EST
Quick Take
The exchange said it will delist the token in December, though users will still be able to move the wBTC off the exchange.
In August long-time custodian BitGo announced it was ceding partial control over the wBTC protocol in a “strategic partnership” with Justin Sun and the TRON ecosystem.
Coinbase’s version of wrapped bitcoin, cbBTC, has seen its market cap grow to nearly...
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