Coinbase hints at possible wrapped Bitcoin token launch
Key Takeaways Coinbase’s potential cbBTC product follows closely after BitGo’s controversial WBTC management changes. Wrapped Bitcoin tokens allow Bitcoin to be utilized on non-Bitcoin blockchains, primarily Ethereum. Share this article Coinbase has hinted at the potential launch of a new product called “cbBTC,” sparking speculation that the US-based crypto exchange may be developing its own…