PANews reported on November 20 that according to the official announcement of Coinbase, affected by the latest review results, Coinbase will suspend the trading service of wBTC (Wrapped Bitcoin) on December 19, 2024, at around 12 noon Eastern Time. The suspension of trading involves all trading modes of the Coinbase platform, including Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime, but users can still access and withdraw their wBTC assets at any time.
In response, the wBTC team issued a statement expressing regret and surprise at Coinbase's decision. The team emphasized that wBTC has always taken compliance, transparency and decentralization as its core principles, providing users with efficient BTC liquidity solutions, while seamlessly integrating with a variety of DeFi protocols, making important contributions to the development of the ecosystem. The wBTC team called on Coinbase to reconsider the decision and expressed its willingness to provide more information to resolve any potential issues.
