Loading...
Market
What will be the market cap ranking of Coinbase's $cbBTC among wrapped Bitcoin tokens by the end of 2024?
3
Resolution / Starting Odds
First • 25%
Second • 25%
Third • 25%
Fourth or lower • 25%
Market cap data from Cointelegraph or other reputable crypto market data sources
Story
Coinbase's $cbBTC Becomes Third-Largest Wrapped BTC Token in One Week, Poised to Challenge Bitgo
Sep 19, 2024, 06:00 PM
Coinbase has launched $cbBTC, a new wrapped Bitcoin token, which has quickly become the third-largest wrapped BTC token within just one week, according to Cointelegraph. The $cbBTC token bridges Bitcoin to Ethereum, opening up new decentralized finance (DeFi) possibilities for Bitcoin on the Base platform. DIA has integrated a price feed for $cbBTC as an oracle on over 50 chains, making it accessible for various decentralized applications (dApps). The introduction of $cbBTC enhances the capital efficiency of Bitcoin supply in DeFi, and it is poised to challenge Bitgo in the wrapped Bitcoin market, as noted by cryptoquant_com.
View original story
Similar markets
Less than 10% • 25%
10% to 25% • 25%
25% to 50% • 25%
More than 50% • 25%
cbBTC > WBTC • 25%
cbBTC = WBTC • 25%
cbBTC < WBTC • 25%
cbBTC not listed • 25%
WBTC • 25%
cbBTC • 25%
Equal • 25%
Neither listed • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
1st • 25%
2nd • 25%
3rd • 25%
Below 3rd • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
Bitcoin remains #1 • 25%
Bitcoin falls to #2 • 25%
Bitcoin falls to #3 • 25%
Bitcoin falls below #3 • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
Below $1.5 billion • 25%
$1.5 billion to $2 billion • 25%
$2 billion to $3 billion • 25%
Above $3 billion • 25%