Coinbase’s decision to remove the wBTC token from its platform has drawn attention, particularly due to Bit Global’s reaction. Paul Grewal, Coinbase’s Chief Legal Officer, responded to comments made by Justin Sun, the founder of Tron. This development has resonated widely within the cryptocurrency market.
Coinbase CLO Emphasizes Listing Standards
Grewal highlighted the importance of maintaining Coinbase’s listing standards. In a statement on social media, he noted, “When an asset no longer meets our listing standards, we will remove it.” This approach aims to reinforce the platform’s reliability.
In response to wBTC’s removal, Bit Global filed a lawsuit against Coinbase. As a significant player supporting the Tron ecosystem, Bit Global opposed this decision. Grewal commented, “We expect this case to be evaluated in a U.S. federal court.”
wBTC Prices Experience Increase
After the delisting announcement, wBTC saw a price increase of over 1%. The token reached levels of $101,152 with a trading volume of $353 million. The price movement reflects market participants’ attitudes toward the decision.
Grewal stated that Coinbase’…
