Nearly two years after FTX’s collapse impacted Solana’s decentralized finance (DeFi) sector, Coinbase is attempting to reintroduce bitcoin-based trading to the Solana blockchain with its new token, cbBTC. Launched recently, cbBTC is a bitcoin-backed token that users can transfer between their Coinbase accounts and Solana wallets, allowing easier bitcoin transactions within Solana’s DeFi ecosystem. Solana...
Coinbase’s cbBTC Launches on Solana DeFi, Targeting Bitcoin Gap Left by FTX
