Coinbase Unveils New Product "cbBTC" đ
- Coinbase has just teased the launch of a new Bitcoin token "cbBTC" on X.
- Jesse Pollak of Coinbase Base has also expressed his love for BTC and promised to build a strong Bitcoin economy on its network.
- The move comes after controversy over BitGo transferring control of WBTC to a joint venture with Justin Sun.
- Many in the DeFi community are concerned about Sun's involvement and have called for the withdrawal of WBTC support.
- BitGo CEO Matt Belshe insists there is no security risk and is just a reaction to Justin Sun's name.
- Sun also confirmed that there are no changes to WBTC and that he does not have direct access to the funds.
What do you think of "cbBTC"? Comment now! đŹ#Crypto#Bitcoin #DeFi
