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Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

by SB Crypto Guru News
September 12, 2024
in Bitcoin
Reading Time: 1 min read
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Coinbase Launches Wrapped Bitcoin for Ethereum and Base NetworksCoinbase 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, […]



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