Bitcoin-wBTC is being delisted, according to BitGlobal (
BiT Global, the custodian of wBTC, said, "Coinbase is not responsible for the use of RaptBitcoin (Coinbase
"The intention is to delist wBTC in order to secure a competitive advantage for wrapped BTC (cbBTC)."
On the 19th of last month, Coinbase announced that wBTC would not be available for exchange in December due to its failure to meet exchange standards.
"Coinbase's decision highlights the strength of cbBTC and the strength of wBTC," a Bitglobal spokesperson said in an email to Cointelegraph.
"This is clearly an attempt to gain competitive advantage," he said, adding that it was an attempt to eliminate TC, its largest and most influential competitor.
In response, Coinbase said the purpose of delisting wBTC was to highlight cbBTC.
Coinbase denied the allegations and countered that this was a normal review process based on the company's listing criteria.
"We regularly monitor whether all assets on the exchange meet our listing criteria," the company said. "After a recent review, we have concluded that wBTC no longer meets our listing criteria and will discontinue its listing on the exchange on March 2020."
We plan to suspend wBTC trading at approximately 12:00 PM ET on December 19, 2024."
2024/11/22 17:16 KST
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