Coinbase Announces New Wrapped Bitcoin cbBTC on Base Network
Coinbase has introduced plans to launch cbBTC, a wrapped model of Bitcoin, on its Base community
Coinbase has introduced plans to launch cbBTC, a wrapped model of Bitcoin, on its Base community. Though the main points will not be but disclosed, this transfer goals to broaden Coinbase’s tokenized asset choices and doubtlessly reshape the panorama of wrapped Bitcoin.
As demand for tokenized Bitcoin on Ethereum-compatible chains grows, Coinbase’s entry into this house may considerably influence market dynamics. Coinbase beforehand launched cbETH, a wrapped Ethereum token, in August 2022. With a circulating provide of about 210,000, cbETH has seen substantial adoption.
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