Summary
- Coinbase announced that it has disabled the trading feature for Wrapped Bitcoin (WBTC) but will continue to support withdrawals.
- Coinbase had warned of the delisting of WBTC by monitoring assets to ensure they meet listing standards.
- BiT Global filed a lawsuit against Coinbase, claiming that the delisting of WBTC was unjust.
Cryptocurrency exchange Coinbase announced on the 19th (local time) via its official X (formerly Twitter) that it has disabled the trading feature for Wrapped Bitcoin (WBTC), stating that withdrawals will continue to be supported.
Previously, Coinbase had warned of the delisting of WBTC, stating that it regularly monitors assets to ensure they meet listing standards.
In response, Hong Kong-based cryptocurrency exchange BiT Global, which is presumed to be influenced by Justin Sun, founder of Tron, filed a lawsuit against Coinbase, citing the unjust delisting of WBTC.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
