Coinbase to Roll Out cbBTC, Expanding Bitcoin Ecosystem
14.08.2024 15:00 1 min. read Alexander Stefanov
Coinbase, the leading cryptocurrency exchange in the US, has unveiled its latest initiative: Coinbase Wrapped BTC (cbBTC).
Coinbase is set to broaden its role in the Bitcoin ecosystem with the introduction of cbBTC, which could rival Wrapped Bitcoin (WBTC).
Jesse Pollak, who leads Coinbase and its layer 2 network Base, announced cbBTC via their official X account. He also mentioned plans to develop a significant Bitcoin economy within the Base network.
The new cbBTC will enable Bitcoin holders to engage with decentralized finance (DeFi) applications on Base, offering lower fees and improved efficiency.
This announcement follows recent news about Tron (TRX) founder Justin Sun’s involvement with the WBTC token. BitGo has revealed plans to transfer control of WBTC to a new venture involving Hong Kong-based investment manager BiT Global and Sun’s Tron ecosystem.
Wrapped Bitcoin (WBTC) is a Bitcoin token that operates on the Ethereum blockchain and adheres to the ERC 20 standard.
-
1
Bitcoin ETFs See Tenth Straight Day of Inflows Amid Institutional Confidence
28.03.2025 19:00 2 min. read -
2
MARA Holdings Launches $2 Billion Stock Offering to Expand Bitcoin Stash
30.03.2025 16:06 1 min. read -
3
Bitcoin Mining Shifts to Renewables: Coal Usage Drops as Clean Energy Rises
03.04.2025 8:00 2 min. read -
4
Bitcoin at a Crossroads: Is the Bull Run Still Alive?
23.03.2025 9:00 2 min. read -
5
Michael Saylor’s Strategy Adds $2B in Bitcoin Despite Market Jitters
31.03.2025 21:00 1 min. read
Japan’s Metaplanet Ramps Up BTC Strategy, Targets 21,000 Coins
Tokyo-based Metaplanet has continued its aggressive Bitcoin strategy, now holding over $400 million in BTC following its latest acquisition.
Bitcoin Briefly Breaks $87K Barrier as Investors Return
Bitcoin has staged a strong comeback, briefly pushing beyond $87,000 for the first time in weeks as liquidity conditions improve globally and institutional players show signs of renewed appetite, even while concerns around U.S. trade tensions keep broader markets on edge.
Bitcoin (BTC) Defies Turmoil One Year After Halving
Bitcoin has marked one year since its latest halving event, and long-term holders have reason to celebrate.
Swiss Supermarket Rolls Out Lightning-Powered Bitcoin Payments
A supermarket in Zug, Switzerland, has begun accepting Bitcoin payments, adding to the country’s expanding list of crypto-friendly retailers.
-
1
Bitcoin ETFs See Tenth Straight Day of Inflows Amid Institutional Confidence
28.03.2025 19:00 2 min. read -
2
MARA Holdings Launches $2 Billion Stock Offering to Expand Bitcoin Stash
30.03.2025 16:06 1 min. read -
3
Bitcoin Mining Shifts to Renewables: Coal Usage Drops as Clean Energy Rises
03.04.2025 8:00 2 min. read -
4
Bitcoin at a Crossroads: Is the Bull Run Still Alive?
23.03.2025 9:00 2 min. read -
5
Michael Saylor’s Strategy Adds $2B in Bitcoin Despite Market Jitters
31.03.2025 21:00 1 min. read
