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January 22, 2025

Coinbase Files Motion to Dismiss BiT Global Lawsuit Over wBTC Delisting

Coinbase has taken decisive action by filing a motion to dismiss a lawsuit from BiT Global that questions their recent decision to delist Wrapped Bitcoin (wBTC). This move follows BiT Global’s unsuccessful attempts to block the delisting through court orders. As legal disputes arise in the crypto space, stakeholders must follow these developments, as they can significantly impact exchange operations and investor confidence. Legal clarity on these issues ensures a healthier ecosystem for cryptocurrency investment.

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