Bitcoin token
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Bitcoin in DeFi? Coinbase’s Latest Launch Could Change Everything!
- September 12, 2024
- Posted by: Gordon
- Category: Crypto Market, ICO Blog, IGH News, Market Insights, Market News
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Coinbase, one of the largest crypto exchanges globally, has launched a wrapped version of Bitcoin, cbBTC, designed to bridge the gap between Bitcoin and the decentralized finance (DeFi) ecosystem. This new ERC-20 token, backed 1:1 by Bitcoin held in Coinbase’s custody, allows users to seamlessly convert their Bitcoin into cbBTC, making it usable across Ethereum
