Coinbase Launches Wrapped Bitcoin (cbBTC)
Coinbase, the big name in US crypto exchanges, just launched a new token called Coinbase Wrapped Bitcoin (cbBTC). It’s basically a Bitcoin (BTC) token that runs on the Ethereum blockchain. What’s the Big Deal? This means that Bitcoin holders can now use their BTC on Ethereum-based DeFi apps, like Aave, Curve Finance, and Compound Finance….