$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Quick Summary:

Five days ago, Coinbase announced plans to remove wrapped bitcoin (WBTC) from its platform on Dec.19, 2024.

In the days following the announcement, the WBTC supply has contracted.

Wrapped Bitcoin’s Supply Drops by 5,844 Coins in 8 Days On Nov.16, the WBTC supply on Ethereum was recorded at 146,734 coins.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: WBTC Wrapped bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 18:43:03 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23802471

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 12 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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