{"id":3003,"date":"2024-11-20T09:20:59","date_gmt":"2024-11-20T09:20:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3003"},"modified":"2024-11-20T09:20:59","modified_gmt":"2024-11-20T09:20:59","slug":"coinbase-to-delist-wrapped-bitcoin-on-this-date-citing-listing-standards","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3003","title":{"rendered":"Coinbase To Delist Wrapped Bitcoin On This Date, Citing &#8216;Listing Standards&#8217;"},"content":{"rendered":"<div>\n<p><strong>Coinbase Global Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>) announced plans to remove <strong>Wrapped Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">WBTC<\/a>) from its trading platform, citing \u201clisting standards,\u201d with trading suspension scheduled for Dec. 19.<\/p>\n<p><strong>What Happened<\/strong>: The move follows the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40829437\/coinbase-launches-cbbtc-bridging-bitcoin-to-ethereum-and-base-networks\">cryptocurrency exchange\u2019s recent launch<\/a> of its own wrapped Bitcoin product, cbBTC, on the Base blockchain.<\/p>\n<p>\u201cWe have moved our wBTC order books to limit-only mode. Limit orders can be placed and canceled, and matches may occur,\u201d the exchange said on <strong>X<\/strong>.<\/p>\n<p>Wrapped Bitcoin, introduced in January 2019, is an ERC-20 token that represents <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) on the <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) blockchain, maintaining a 1:1 peg with Bitcoin\u2019s value.<\/p>\n<p>The Wrapped Bitcoin protocol ensures that each wBTC token is &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42082385\/coinbase-to-delist-wrapped-bitcoin-on-this-date-citing-listing-standards\" alt=\"Coinbase\" to delist wrapped bitcoin on this date citing standards>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc. (NASDAQ:COIN) announced plans to remove Wrapped Bitcoin (CRYPTO: WBTC) from its trading platform, citing \u201clisting standards,\u201d with trading suspension scheduled for Dec. 19. What Happened: The move follows the cryptocurrency exchange\u2019s recent launch of its own wrapped Bitcoin product, cbBTC, on the Base blockchain. \u201cWe have moved our wBTC order books to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3003","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3003"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3003\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}