Based

Bitcoin

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-announces-the-delisting-of-wbtc-tokens/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Announces the Delisting of WBTC Tokens</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/cryptocom-expands-its-reach-and-strengthens-financial-innovation-in-bahrain/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> has recently announced the impending delisting of the wrapped Bitcoin (WBTC) tokens. The exchange has been actively monitoring the status of <a href="https://en.coin-turk.com/binance-expands-futures-offerings-with-aergo-contracts/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a>, and if any fail to meet the listing conditions, it may decide to delist them. This decision affects WBTC, as the exchange formally communicated the upcoming changes.</p>
<h2 style="text-align: justify" id="details-on-wbtc-delisting">Details on WBTC Delisting</h2>
<p style="text-align: justify">According to Coinbase’s announcement, WBTC pairs will be removed within a few hours. Although funds will remain accessible, users will not be able to trade with the wrapped BTC <a href="https://en.coin-turk.com/analyst-highlights-significant-gains-in-meme-coins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>. It remains unclear whether this delisting is a move to make space for Coinbase’s own wrapped BTC, cbBTC, or if it is due to WBTC failing to meet certain conditions.</p>
<h2 style="text-align: justify" id="potential-impact-on-wbtc">Potential Impact on WBTC</h2>
<p style="text-align: justify">If other centralized exchanges follow Coinbase’s lead, WBTC could face significant challenges ahead. The official announcement indicates that the delisting stems from failure to meet the required conditions.</p>
<blockquote>
 <p style="text-align: justify">“We regularly monitor our assets to ensure they meet our listing standards. Based on our latest review, Coinbase will suspend trading for wBTC on December 19, 2024, at approximately 12:00 PM ET.</p>
 <p style="text-align: justify">Your WBTC funds will remain accessible, and you will continue to have the ability to withdraw your funds at any time.</p>
 <p style="text-align: justify">wBTC has been moved to limit-only mode in our order books. Limit orders can be placed and canceled, and matches can occur.”</p>
</blockquote>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-408182 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/coinbase-wbtc-delist.png" alt="" width="678" height="265"></p>
<p>The post <a href="https://en.coin-turk.com/coinbase-announces-the-delisting-of-wbtc-tokens/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Announces the Delisting of WBTC Tokens</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Coinbase Announces the Delisting of WBTC Tokens

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