Coinbase's Wrapped Bitcoin (cbBTC) Now Live on Ethereum and Base Networks

Thursday, 12 September 2024, 08:07
Wrapped Bitcoin has made a significant advance as Coinbase introduces cbBTC, expanding its utility across the Ethereum and Base networks. This innovation allows users to seamlessly interact with DeFi applications using Bitcoin, enhancing the overall experience in the cryptocurrency landscape. Coinbase's cbBTC integration with various DeFi services opens a new world of potential for Bitcoin holders.
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Coinbase's Wrapped Bitcoin (cbBTC) Now Live on Ethereum and Base Networks

Coinbase Introduces cbBTC

Coinbase has officially launched its wrapped Bitcoin solution, known as cbBTC, available on both the Ethereum and Base networks. This new offering is set to revolutionize how users interact with Bitcoin in DeFi applications.

Benefits of cbBTC

  • Enhances liquidity for Bitcoin users.
  • Facilitates participation in a range of DeFi protocols.
  • Available on multiple platforms for broad accessibility.

By allowing users to convert their Bitcoin into cbBTC, Coinbase not only promotes the use of DeFi technologies but also integrates Bitcoin into the wider cryptocurrency market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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