Coinbase Launches cbBTC: A Revolutionary Wrapped Bitcoin on Ethereum
Coinbase's Major Move in the Crypto Space
On Sept. 12, 2023, Coinbase made headlines with the introduction of cbBTC, a wrapped version of Bitcoin (BTC) that operates on the Ethereum network and its layer-2 scaling solution, Base. This innovative asset represents a transformative shift, enabling users to leverage BTC in new and dynamic ways.
Enhancing Bitcoin's Potential
With cbBTC, Coinbase aims to enhance Bitcoin’s utility, allowing it to interact seamlessly within the Ethereum ecosystem. As more users embrace wrapped assets, the significance of this launch is expected to resonate throughout the crypto industry.
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