Coinbase announced that it will integrate its cbBTC token into the Solana blockchain at the Solana Breakpoint 2024 event in Singapore. Previously launched on the Ethereum and Base networks, cbBTC aims to increase bitcoin liquidity for DeFi protocols. Coinbase Singapore President Hassan Ahmed emphasized the importance of institutional support in the decentralization process at the event.
Coinbase Announces cbBTC Integration with Solana
At the Solana Breakpoint 2024 event held in Singapore, Coinbase announced plans to integrate its cbBTC token into the Solana blockchain. The move is considered a significant development in Coinbase’s wrapped bitcoin products. Hassan Ahmed, Country Director for Singapore, announced the innovation during a panel discussion, expressing the company’s commitment to user needs and advanced blockchain solutions. Although Ahmed did not provide a specific timeframe for the integration, the announcement has generated significant interest in the crypto community.
First Ethereum$ETH
and introduced on the Base networks, cbBTC is an ERC-20 token backed one-to-one by bitcoin assets on Coinbase. This token is designed to provide bitcoin liquidity to DeFi protocols or to be used as collateral for other assets. cbBTC was introduced following changes in the wrapped bitcoin market, bringing Coinbase to the forefront of crypto innovation. The current market cap of cbBTC is around $137 million.
Ahmed also touched on the important role of institutional assets in blockchain diversification in his presentation. He cited Jump Crypto’s developments with the Firedancer validator client on Solana as an example, describing these steps as promising progress towards decentralization. The implementation of clients such as Frankendancer and Firedancer represents a significant improvement in Solana’s network efficiency and security, and strengthens the Nakamoto coefficient by increasing client diversity.
Jump Crypto’s Chief Science Officer Kevin Bowers introduced the Frankendancer validator client at the Breakpoint event, providing a preview of the highly anticipated Firedancer. Firedancer has successfully launched on the Solana mainnet and is currently in testing. Liam Heeger noted that the Firedancer validator client has been working intermittently for about two months, but is still in the experimental phase and not yet ready for widespread use.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE BY BINACE SPECIALLY FOR ME. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.
WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
