⭐⭐Coinbase to delist the coin that has been under discussion ⭐⭐

In the ongoing tension between BitGo and Coinbase, Coinbase made a new move and announced that it will remove the largest "wrapped token" WBTC from the platform. Coinbase, which launched its own "wrapped Bitcoin" token, cbBTC, in September, will indirectly exclude its rival with this step.

Ongoing Controversy with BitGo...

The debate began when BitGo transferred a large amount of WBTC out of the US, to Hong Kong, in August. BitGo's transfer of WBTC to its partner company, BiT Global, led to concerns about whether these tokens were leaving the US. Coinbase had revealed the seriousness of this conflict by issuing its own wrapped Bitcoin token, cbBTC, and then limiting market transactions. Now, Coinbase has decided to delist WBTC completely.

The statements in Coinbase's statement delisting WBTC were not found convincing by the public. The statement, which stated that WBTC did not comply with exchange standards, and the fact that no further details were given on the subject, did not attract much attention in the crypto world.

WBTC, the largest token of the "Wrapped" technology created for Bitcoin to be used on other blockchains, still holds $13 billion worth of locked assets. This figure is around $1.5 billion for Coinbase's competitor cbBTC.

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