1/6 🚀We're thrilled to announce that $WBTC is now live on @avalonfinance_ as a BEP-20 asset on the #BNBChain! This unlocks powerful new lending and borrowing options, bringing Bitcoin liquidity into the BNB ecosystem.🧵👇

We regret and are surprised by Coinbase’s decision to delist WBTC. As the core team behind Wrapped BTC, we have always been committed to providing the community with the most compliant, transparent, and decentralized BTC tokenization product.

Over the years, WBTC has established itself as the most decentralized and transparent wrapped BTC product on the market through innovative mechanisms and rigorous governance. From custody processes to on-chain verifiability and regulatory compliance, WBTC has consistently demonstrated the highest level of professionalism and responsibility. We have maintained active communication and full cooperation with all due diligence processes, including with Coinbase, to ensure that our product meets all compliance standards.

WBTC not only provides users with a highly efficient BTC liquidity solution but also seamlessly integrates with numerous DeFi protocols, significantly contributing to the development of the broader ecosystem. We firmly believe that transparency and decentralization are core values of the crypto industry, and WBTC exemplifies these principles.

We urge Coinbase to reconsider this decision and continue supporting WBTC trading. If you have any questions or suggestions, please feel free to reach out to us. We are more than willing to provide additional information to address any concerns.

WBTC Team
November 20, 2024

Wrapped Bitcoin ( $WBTC) has surged, with a 44% increase in market cap since early August, backed by around 147,000 $BTC empowering the DeFi ecosystem through multi-jurisdictional custody.

While new alternatives have emerged, the market continues to favor WBTC, with our growth outpacing all competitors combined.

As adoption accelerates, we welcome the competition that offers users greater flexibility and enhances the DeFi landscape. With WBTC, the power of Bitcoin is now more accessible than ever.

📊 "Wrapped Bitcoin remains the primary asset used within the DeFi ecosystem, unlocking nearly $10 billion worth of BTC bridged to Ethereum."

As Bitcoin doesn’t natively support smart contracts, #WBTC has become the key to unlocking BTC's potential within #DeFi.

Learn more in @DLNewsInfo's DeFi 3Q24 Report:

We will be migrating the WBTC official website on 10/20/2024 starting from 4:00 UTC. The website is expected to be offline for several hours. During this time, a temporary site will be available for your continued use of WBTC service.

The backup website will be available at: https://t.co/c2XSdyqk4t

We kindly ask for your patience as we complete the migration of the new website. Thank you for your understanding and continued support!

We are honored to be featured in @a16z’s 2024 State of Crypto report, recognized as the leader for highest value locked in bridged assets. This milestone highlights #WBTC’s continued popularity and trusted role within the #DeFi ecosystem!

https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/

With growing interest in wrapped assets, #WBTC is pushing innovation forward. @BitGo is expanding WBTC to @avax and @BNBCHAIN via @LayerZero_Core's OFT standard.

Meanwhile, @BitGlobalTrust boosts WBTC’s presence in Asia with regulated custody solutions.

https://cryptopotato.com/this-is-the-current-state-of-the-wrapped-bitcoin-market-cryptoquant/