Wrapped Bitcoin

Bitcoin

cbBTC

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/coinbase-removes-wrapped-bitcoin-from-listings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Removes Wrapped Bitcoin from Listings</a><br></p>
<p style="text-align: justify">Coinbase has declared the removal of wrapped <a href="https://en.bitcoinhaber.net/bitcoin-analyst-expects-a-significant-increase-during-the-current-bear-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (WBTC) tokens from its trading platform. This step is part of its ongoing evaluation of altcoins, with plans to delist assets that do not meet its established criteria. As a result, WBTC trading pairs will soon be eliminated.</p>
<h2 style="text-align: justify" id="what-is-the-deadline-for-wbtc-trading">What is the Deadline for WBTC Trading?</h2>
<p style="text-align: justify">The cutoff date for WBTC trading has been set for December 19, 2024, at approximately 12:00 ET. While users will still have access to their funds, the ability to trade using the WBTC <a href="https://en.bitcoinhaber.net/pump-fun-sets-monthly-revenue-record" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> will cease. The rationale behind this delisting remains uncertain—whether it’s an effort to push Coinbase’s own cbBTC or a response to WBTC’s failure to adhere to necessary guidelines.</p>
<h2 style="text-align: justify" id="could-other-exchanges-follow-coinbase-s-example">Could Other Exchanges Follow Coinbase’s Example?</h2>
<p style="text-align: justify">Should other centralized exchanges opt to mimic Coinbase’s decision, WBTC could encounter considerable obstacles. Coinbase’s official statement emphasizes that the delisting arises from WBTC not meeting the essential listing standards.</p>
<p style="text-align: justify">Key points regarding the WBTC delisting include:</p>
<ul>
 <li>Trading for WBTC is scheduled to end on December 19, 2024.</li>
 <li>Users will retain access to their WBTC funds for withdrawal.</li>
 <li>The delisting may signal a strategic shift towards Coinbase’s own wrapped Bitcoin, cbBTC.</li>
</ul>
<p style="text-align: justify">Coinbase remains committed to monitoring its listing standards rigorously, ensuring all assets meet its high requirements for continued presence on the platform.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/coinbase-removes-wrapped-bitcoin-from-listings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Removes Wrapped Bitcoin from Listings</a></h5>

Coinbase Removes Wrapped Bitcoin from Listings

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