Coinbase’s Version of Wrapped Bitcoin, ‘cbBTC,’ Goes Live

Coinbase’s Version of Wrapped Bitcoin, ‘cbBTC,’ Goes Live

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Source: Coindesk.com

Coinbase has introduced its version of wrapped bitcoin, cbBTC, on the Ethereum and Base networks, allowing users to use bitcoin in DeFi applications. cbBTC is supported by various DeFi services for trading, lending, and as collateral, with automatic conversion features for Coinbase users transferring bitcoin to or from these networks. This launch follows Coinbase's hint

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The post "Coinbase's Version of Wrapped Bitcoin, 'cbBTC,' Goes Live" appeared first here Coindesk.com.

Source: Coindesk.com

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