$SOL
Coinbase Drops Bitcoin on Solana!
Coinbase has expanded its wrapped Bitcoin, cbBTC to Solana, aiming to fill the gap left after FTX’s implosion nearly two years ago. FTX’s collapse took down soBTC, Solana’s primary wrapped Bitcoin, leaving a BTC-sized hole in Solana’s DeFi space.
👉🏻 $10M BTC Liquidity Boost: Solana DeFi just got a lifeline in cbBTC.
👉🏻Bye-Bye Bridges: Native BTC trading means no more risky bridges for Solana—finally, some stability.
👉🏻 Coinbase’s Solana Debut: their first native token on Solana.