Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks
September 13, 2024
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody.
Coinbase Wrapped Bitcoin Opens New Defi Opportunities
According to the San Francisco-based crypto exchange, cbBTC opens up new…
