Coinbase is hoping to spur large adoption of the token, which may have a number of makes use of, after the Merge. “Our hope is that cbETH will obtain sturdy adoption for commerce, switch, and use in DeFi [decentralized finance] purposes,” based on the whitepaper. “With cbETH, Coinbase goals to contribute to the broader crypto ecosystem via creating high-utility wrapped tokens and open sourcing good contracts,” the whitepaper added.
