According to the San Francisco-based crypto exchange, cbBTC opens up new possibilities for millions of Coinbase customers, allowing them to utilize their bitcoin across various defi applications. By integrating bitcoin liquidity with the Ethereum and Base networks—two highly used blockchain protocols—it simplifies access to decentralized financial services.

In the blog post, Coinbase announced that users can now participate by providing liquidity, using bitcoin as collateral, and trading on decentralized exchanges (dex). With its long-standing crypto custody experience for both institutional and retail clients worldwide, Coinbase aims to position cbBTC as a reliable and secure option.

Unlike traditional systems, cbBTC doesn’t use a separate order book on Coinbase. Instead, bitcoin is automatically converted to cbBTC when transferred to supported networks and vice versa. The token can be traded on dex platforms using Coinbase Wallet, and the company plans to extend cbBTC support to additional blockchains soon.

Initially, Coinbase revealed that this service will be accessible in the U.S. (excluding New York), the U.K., EEA countries, Singapore, Australia, and Brazil, with further expansion possible through the Ethereum and Base ecosystems. This development follows Bitgo’s shift in custody partners for wrapped bitcoin (WBTC) through a collaboration with Bit Global.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。