Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: āThis is the first token Coinbase has issued on Solana, and with it, weāre excited to bring easy access to BTC.ā Coinbase partnered with some of Solanaās largest decentralized protocols, including Jupiter, Meteora, Kamino, Jito, Phoenix, Rift, Raydium, Orca, and others, to include cbbtc in their platforms. Solanaās X account referred to this development as an opportunity to bring āmore of bitcoinās value to Solanaās thriving defi ecosystem.ā The token had been launched on Ethereum and Base before.
Coinbase Launches Wrapped Bitcoin Token on Top of Solana
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