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Coinbase Announces Launch of 1:1 Bitcoin-Backed, Ethereum-Based Token Coinbase Wrapped Bitcoin (cbBTC) - The Daily Hodl

Summary by The Daily Hodl
Top US-based crypto exchange platform Coinbase is announcing the launch of Coinbase Wrapped Bitcoin (cbBTC), a Bitcoin (BTC)-backed Ethereum (ETH)-based token. In a new thread on the social media platform X, Coinbase says that cbBTC is now onchain and ready, meaning that holders of the top crypto asset by market cap can now access decentralized finance (DeFi) apps on the Base and Ethereum blockchains. According to Coinbase, cbBTC will be availab…
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