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Market
cbBTC market cap by December 31, 2024?
3
Resolution / Starting Odds
Below $1.5 billion • 25%
$1.5 billion to $2 billion • 25%
$2 billion to $3 billion • 25%
Above $3 billion • 25%
Market cap data from cryptocurrency tracking platforms like CoinMarketCap or CoinGecko
Story
Coinbase Delists WBTC on Dec 19 Amid Governance Concerns, Promotes cbBTC
Nov 19, 2024, 06:02 PM
Coinbase has announced the suspension of trading for Wrapped Bitcoin (WBTC) on December 19, 2024, following a routine asset review. The decision comes amidst governance concerns and the rising influence of Justin Sun over the protocol. Coinbase's move coincides with the launch of its own wrapped bitcoin token, cbBTC, which has already achieved a market cap of $1.5 billion. The delisting of WBTC is seen as an effort to promote the use of cbBTC, which is backed by Coinbase's name trust and operates under a different governance structure compared to WBTC's non-US multisig wallet setup.
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Similar markets
cbBTC > WBTC • 25%
cbBTC = WBTC • 25%
cbBTC < WBTC • 25%
cbBTC not listed • 25%
Below $2 trillion • 25%
$2 trillion to $5 trillion • 25%
$5 trillion to $10 trillion • 25%
Above $10 trillion • 25%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
More than $2 billion • 25%
Less than 0.95 BTC • 25%
0.95 BTC to 0.99 BTC • 25%
0.99 BTC to 1.01 BTC • 25%
More than 1.01 BTC • 25%
Above $1.5 trillion • 25%
Between $1.3 trillion and $1.5 trillion • 25%
Between $1 trillion and $1.3 trillion • 25%
Below $1 trillion • 25%
WBTC • 25%
cbBTC • 25%
Equal • 25%
Neither listed • 25%