🚀 Coinbase will suspend Wrapped Bitcoin (WBTC) trading on December 19, 2024 due to not meeting listing standards. WBTC can still be withdrawn at any time. 💼

- BitGo has given BiT Global partial control of the multisignature wallet containing WBTC Bitcoin. This is controversial because of Justin Sun's involvement.

- WBTC remains the most popular Bitcoin wrapper with over $13B TVL, but Coinbase has launched cbBTC with $1.4B TVL.

- Coinbase criticized for lack of transparency, but promises to add proof of reserves to cbBTC.

What do you think of Coinbase's decision? Share your thoughts! 👇