Lawyers for US-based cryptocurrency exchange Coinbase have requested a federal judge dismiss a lawsuit filed by BiT Global over the firm’s decision to delist wrapped BTC (wBTC). In a Jan. 21 ...

News Coinbase Justifies wBTC Delisting by Pointing to Justin Sun Connection “We've filed our response to BiT Global’s effort to stop our delisting of wBTC before any discovery or even formal ...

Coinbase has begun phasing out wBTC, and will suspend trading on Dec. 19 citing "listing standards". This move comes after Coinbase has launched a competitor to wBTC called cbBTC.

Coinbase and BiT Global settled their wBTC delisting dispute, closing the lawsuit with prejudice. The suit had sought over $1 billion in damages, claiming the delisting favored Coinbase's cbBTC token.

Coinbase has allowed the trading of wBTC on its exchange since at least October 2020. Pegged to bitcoin’s value, wBTC enables users to interact with decentralized finance applications on ...

Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on Dec. 19, 2024, on or around 12 pm ET,” the exchange said in a Nov. 19 post on X.

Coinbase initiated a review of wBTC after the partnership's unveiling. It asked BiT questions about its ownership and Sun's suspected involvement, but the firm "refused" to answer them, Coinbase's ...

Coinbase filed a response to the $1 billion lawsuit filed by BiT Global over wBTC delisting. The exchange cited centralization risks and Justin Sun’s involvement as reasons for the delisting.

Launched on Sept. 12, Coinbase’s WBTC competitor, Coinbase Wrapped BTC (cbBTC), has emerged as one of the most popular BTC wrappers, with some $1.4 billion in TVL, according to CoinMarketCap.

WBTC, a wrapped version of Bitcoin that enables access to the Ethereum network, is being de-listed on Coinbase. The suspension of the digital asset will take place on December 19th.