Coinbase suspends trading of Wrapped Bitcoin (WBTC) starting December 19, 2024. 😬

- WBTC is a tokenized Bitcoin popular in DeFi, but it is now facing delisting.

- Reason: standard asset verification.

- Users will still be able to withdraw WBTC.

- The decision coincides with the rise of a competitor — cbBTC from Coinbase.

The WBTC team is surprised and disappointed but ready for dialogue.