Coinbase Adds Solana cbBTC Support
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September 21, 2024
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Coinbase announced during the Solana Breakpoint conference that it will add native support for its wrapped Bitcoin token, cbBTC, on the Solana blockchain. Coinbase's cbBTC is fully backed by custodial Bitcoin, allowing users to trade and utilize Bitcoin on programmable blockchains like Ethereum. This could open new opportunities for Coinbase users, who hold over $18 billion worth of Bitcoin on the platform.
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