Wrapped Bitcoin Market Heats Up as Coinbase’s cbBTC Goes Live
Several decentralized finance (DeFi) services are set to provide support for cbBTC starting this Thursday, as announced by Coinbase. The list of platforms includes exchanges Aerodrome and Curve, lending applications Aave, Sky Protocol, and Compound, as well as real-world assets provider Maple and cross-chain bridges like deBridge, among others.
This move is aimed at expanding the utility and availability of cbBTC within the DeFi ecosystem, allowing users to access a wider range of services and opportunities. By collaborating with these platforms, Coinbase hopes to enhance the interoperability and functionality of cbBTC, making it more accessible to DeFi users worldwide.
With the growing popularity of decentralized finance and the increasing demand for innovative solutions, the integration of cbBTC into these platforms is expected to drive adoption and usage of the token. This partnership signals a significant step towards mainstream acceptance and utilization of cbBTC in the DeFi space.
