What is cbBTC?
Coinbase Wrapped BTC (cbBTC) is an ERC-20 token on Base that represents Bitcoin, issued by Coinbase. Each cbBTC is backed 1:1 by Bitcoin (BTC) held in custody by Coinbase. Launched in September 2024, cbBTC allows Bitcoin holders to utilize their assets on the low-cost, high-speed Base network for holding, trading, and integration into decentralized finance (DeFi) protocols. For details, visit Coinbase.
What to weigh
- Coinbase Wrapped BTC (cbBTC) is an ERC-20 token on Base that represents Bitcoin, issued by Coinbase.
- Each cbBTC is backed 1:1 by Bitcoin (BTC) held in custody by Coinbase.
- Launched in September 2024, cbBTC allows Bitcoin holders to utilize their assets on the low-cost, high-speed Base network for holding, trading, and integration into decentralized finance (DeFi) protocols.
