Ethereum

Bitcoin

Base

cbBTC

Giant

Coinbase, the largest cryptocurrency exchange in the United States, announced its new project in mid-August and announced that it would soon launch Coinbase Wrapped BTC (cbBTC).
Related News: <a href="https://en.bitcoinsistemi.com/a-giant-step-from-coinbase-announced-a-new-bitcoin-project-here-are-the-details/" target="_blank" rel="noopener noreferrer nofollow">A Giant Step from Coinbase! "Announced a New Bitcoin Project!" Here are the Details....</a>
The long-awaited moment has come and Coinbase has launched its cbBTC token, a version of Bitcoin, on the Ethereum and Base networks.
The stock exchange said in a statement:
“Starting today, Coinbase is launching cbBTC – Coinbase Wrapped BTC, an ERC20 token backed 1:1 by Bitcoin (BTC) held by Coinbase.
At launch, cbBTC will be supported on Base and Ethereum, with plans to support more chains. With cbBTC, we continue to increase economic freedom by giving users more ways to use their Bitcoin.
Coinbase is, for the first time, connecting deep off-chain Bitcoin liquidity to low-cost, high-speed financial rails on Base and Ethereum.
“Bundled assets like cbBTC help create a more efficient, interconnected, and expansive financial ecosystem by moving assets onto more chains.”
According to the statement, cbBTC is backed 1:1 with Bitcoin on Coinbase and there is no separate order book or trading pair on the exchange's platform.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/the-long-awaited-big-announcement-has-finally-arrived-coinbase-launches-its-highly-anticipated-bitcoin-product/" rel="noopener noreferrer nofollow">The Long-Awaited Big Announcement Has Finally Arrived! Coinbase Launches Its Highly Anticipated Bitcoin Product!</a>

The Long-Awaited Big Announcement Has Finally Arrived! Coinbase Launches Its Highly Anticipated Bitcoin Product!

Bitcoin Sistemi EN

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