Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated L2, declared that they were “going to build a massive bitcoin economy on Base,” also hinting at the release of this token on that platform. Coinbase’s posts come on the heels of a change in the custody structure of WBTC, the most popular wrapped bitcoin iteration, that has faced a significant backlash due to the involvement of Tron founder Justin Sun in this new venture.
Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
