Coinbase Removes Wrapped Bitcoin to Boost Own Product
Coinbase plans to delist Wrapped Bitcoin (wBTC) from its platform starting December 19, 2024. This decision follows the launch of its own product, cbBTC, which competes with wBTC. The move raises questions as BitGo, a major player in the space, defends its wBTC product. Coinbase’s strategy aims to streamline its offerings and provide users with alternatives.
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