Wrapped Bitcoin (WBTC) experienced a temporary drop to $5,200 on Binance’s exchange on November 23, 2024 due to a technical error. The price quickly rebounded to around $97K. This occurred shortly after Coinbase announced it would delist WBTC on December 19, 2024. Coinbase stated that their decision was to ensure their assets met listing standards, but some in the crypto community believe Coinbase made the decision for competitive reasons, as they recently introduced their own tokenized Bitcoin product, cbBTC.
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<p>The post Wrapped Bitcoin Flash Crash: Coinbase’s Delisting Sparks Controversy first appeared on CoinBuzzFeed.</p>
