Wrapped Bitcoin Market Heats Up as Coinbase's cbBTC Goes Live
WEBSep 12, 2024 · Coinbase has introduced its version of wrapped bitcoin, cbBTC, on the Ethereum and Base networks, allowing users to use bitcoin in DeFi applications.
cbBTC: Do more with Bitcoin onchain. - Coinbase
WEBCoinbase is pioneering a new era for DeFi with cbBTC – a trusted and reputable wrapped version of Bitcoin. Secure cbBTC is backed 1:1 by BTC held in custody by Coinbase – which has a 10+ year record of securely custodying billions …
Coinbase’s cbBTC surges to third-largest wrapped BTC
WEB2 days ago · For Coinbase, cbBTC benefits include enhancing fees generated on its layer-1 blockchain Base. Fees revenue collected by the exchange increased 148% from last year to $53 million during the second ...
Coinbase Promotes cbBTC, Version of BitGo's Wrapped Bitcoin ... - CoinDesk
WEBAug 14, 2024 · Crypto exchange Coinbase (COIN) appears to be developing an alternative to BitGo's wrapped bitcoin wBTC (WBTC) to run on its own layer-2 blockchain, Base, to provide users a way of accessing the ...
Coinbase’s cbBTC surges to third-largest wrapped BTC token in
WEBCoinbase’s cbBTC surges to third-largest wrapped BTC token in just one week. C rypto exchange Coinbase joined the wrapped Bitcoin race only a week ago, on Sept. 12, but accumulated nearly 2,000 ...
Coinbase's cbBTC Hits $100M in 24 Hours: DeFi Game-Changer
WEBCoinbase Launches cbBTC, Expanding DeFi Options. Coinbase 's new wrapped Bitcoin product, cbBTC, has made a splash on both Ethereum and the exchange’s layer-2 network, Base. Backed 1:1 by actual Bitcoin held by Coinbase, cbBTC offers DeFi users the ability to provide Bitcoin liquidity or use it as collateral in protocols like Aerodrome and Curve. With automatic conversion between Bitcoin and ...
Coinbase launches 'cbBTC' wrapped Bitcoin digital asset
WEBSep 12, 2024 · Coinbase announced plans to launch cbBTC several days after BitGo drew criticism over plans to transition the custodial structure of its Wrapped Bitcoin product to a multi-jurisdiction...
Coinbase Announces New Wrapped Bitcoin cbBTC on Base Network
WEBAug 15, 2024 · Coinbase has announced plans to launch cbBTC, a wrapped version of Bitcoin, on its Base network. Although the details are not yet disclosed, this move aims to expand Coinbase's tokenized asset...
Coinbase Launches 'cbBTC' Token Fully Backed by Bitcoin - Crypto News
WEBSep 12, 2024 · Cryptocurrency exchange Coinbase is launching its token today, “Coinbase Wrapped Bitcoin” (cbBTC) – a new ERC-20 token backed 1:1 by Bitcoin. In an announcement, the exchange said the new token launch is aiming at improving the utility of Bitcoin within decentralized finance (DeFi).
Coinbase teases ‘cbBTC’ days after BitGo Wrapped
WEBAug 14, 2024 · Crypto exchange Coinbase has teased the launch of “cbBTC.” Pundits are speculating this will be Coinbase’s own wrapped Bitcoin token, hosted on its layer-2 network Base.