Based

Bitcoin

Impact

cbBTC

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-delists-wbtc-following-regulatory-standards/" data-wpel-link="internal">Coinbase Delists WBTC Following Regulatory Standards</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/binance-overcomes-sec-pressure-continues-operations-unimpeded/" data-wpel-link="internal">Coinbase</a> recently announced the delisting of the wrapped Bitcoin (WBTC) from its platform. As part of its regular monitoring, the company assesses whether <a href="https://en.coin-turk.com/soaring-altcoins-in-the-cryptocurrency-market-following-bitcoins-surge/" data-wpel-link="internal">altcoins</a> meet its listing criteria. If these criteria are not upheld, delisting may occur, as seen with WBTC.</p> 
<h2 style="text-align: justify" id="details-of-wbtc-delisting">Details of WBTC Delisting</h2> 
<p style="text-align: justify">According to Coinbase’s announcement, WBTC trading pairs will be removed shortly. While funds will remain accessible, users will no longer be able to trade using this wrapped BTC <a href="https://en.coin-turk.com/memecoin-sector-sees-modest-recovery-after-sharp-drop/" data-wpel-link="internal">token</a>. It remains uncertain whether this decision was made to make way for Coinbase’s own cbBTC or due to WBTC’s failure to meet the necessary 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 may face further decline. The official statement from Coinbase indicates that the delisting decision stemmed from unmet criteria.</p> 
<blockquote> 
 <p style="text-align: justify">“We regularly monitor our listing standards to ensure they are met. Based on our latest review, Coinbase will suspend trading for WBTC on December 19, 2024, around 12:00 ET. Your WBTC funds will remain accessible, allowing you to withdraw them at any time. WBTC has been moved to limited mode, enabling limit orders to be placed, canceled, and matched.”</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-delists-wbtc-following-regulatory-standards/" data-wpel-link="internal">Coinbase Delists WBTC Following Regulatory Standards</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Coinbase Delists WBTC Following Regulatory Standards

Table of Contents

COINTURK NEWS

Other articles published on Nov 19, 2024

An Introduction to the Next Big Thing in the Crypto Space: Decentralised Science (DeSci)

BITCOIN ACT - Community united under a memecoin - here to support the most pivotal document for t...

Dogecoin Bullish Signals: Large Transaction Volume Hits $23B+

Episode 2. How the new US President will shape the future of crypto?

SEI Climbs 60% to $0.65, But Liquidation Concerns Persist

Raoul Pal Compares Solana and Sui in the Cryptocurrency Market

Join our free newsletter for daily crypto updates!