Coinbase is facing a $1 billion lawsuit from BiT Global Digital, accusing the crypto exchange of anticompetitive behavior by delisting Wrapped Bitcoin (wBTC) to promote its own token, Coinbase BTC (cbBTC). Filed on Nov. 19, the lawsuit claims Coinbase's actions violate the Sherman Act by monopolizing the wrapped Bitcoin market. Coinbase's chief legal officer, Paul Grewal, defended the decision, emphasizing adherence to high listing standards. The move sparked backlash from industry figures like Tron founder Justin Sun, who questioned the company's transparency and motives.