Based

Wrapped Bitcoin

Bitcoin

Impact

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-announces-delisting-of-wrapped-bitcoin-wbtc/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Announces Delisting of Wrapped Bitcoin (WBTC)</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/okx-delists-several-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> has recently made headlines by announcing the delisting of Wrapped Bitcoin (WBTC). As a response to the changing compliance conditions for <a href="https://en.coin-turk.com/crypto-market-experiences-a-downward-trend-as-bitcoin-drops-to-critical-levels/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a>, the exchange has decided to remove WBTC trading pairs. Companies that monitor the status of altcoins regularly have the capability to delist assets if they fail to meet listing criteria over time.</p>
<h2 style="text-align: justify" id="details-of-the-wbtc-delisting">Details of the WBTC Delisting</h2>
<p style="text-align: justify">According to Coinbase’s announcement, WBTC trading will be suspended in a few hours. While the funds will remain accessible, users will no longer be able to trade this wrapped BTC <a href="https://en.coin-turk.com/bitcoins-new-normal-above-69000-and-floki-inus-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>. It is unclear whether this delisting is a strategic move to make room for Coinbase’s own wrapped BTC, cbBTC, or if WBTC genuinely failed to meet necessary conditions.</p>
<h2 style="text-align: justify" id="potential-impact-on-wbtc-s-status">Potential Impact on WBTC’s Status</h2>
<p style="text-align: justify">Should other centralized exchanges follow Coinbase’s lead, WBTC may face a significant decline in its standing. The official communication from the exchange highlights that the decision to delist stems from WBTC’s failure to meet specific requirements.</p>
<blockquote>
 <p style="text-align: justify">“We regularly monitor our listing standards to ensure that assets on our platform comply. 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, and you will still be able to withdraw them at any time.”</p>
 <p style="text-align: justify">“WBTC will only be available for limited mode on our order books. Limit orders can be placed and canceled, and matches can still 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-delisting-of-wrapped-bitcoin-wbtc/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Announces Delisting of Wrapped Bitcoin (WBTC)</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 Delisting of Wrapped Bitcoin (WBTC)

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