Crypto Biz: Coinbase vs. BiT Global $1B wBTC dispute
This weeks Crypto Biz explores Coinbase's wBTC controversial delisting, Deutsche Banks blockchain, USDT in Europe, FTX creditors repayment and BVNKs move to the United States.
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This weeks Crypto Biz explores Coinbase's wBTC controversial delisting, Deutsche Banks blockchain, USDT in Europe, FTX creditors repayment and BVNKs move to the United States.
Coinbase will likely be able to move forward with its intention to suspend wBTC trading on Dec. 19 following a challenge in federal court.
Some crypto community members have criticized Coinbase for not giving technical reasons for delisting wBTC and justifying its decision by citing Justin Sun-linked risks.
A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market.
Key Takeaways: BiT Global Digital Limited has filed a $1 billion lawsuit against Coinbase, accusing the exchange of unfairly delisting Wrapped Bitcoin (wBTC) to promote its competing token, cbBTC. The complaint filed on Dec.13 accused Coinbase of having violated anti-trust laws by attempting to monopolize the wrapped Bitcoin market. According to BiT Global, this move […]
BiT Global has filed a lawsuit against Coinbase, the largest crypto trading platform in the United States, according to a Dec. 13 court filing. The Justin Sun-linked crypto custodian alleged that the US exchange unfairly removed wrapped Bitcoin (WBTC) from its platform to favor its in-house product, Coinbase Wrapped Bitcoin (cbBTC). Antitrust violations According to […]
The post BiT Global files lawsuit against Coinbase over allegations of breaching antitrust laws by delisting WBTC appeared first on CryptoSlate.
BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC.
Coinbase contends the delisting was based on a standard review of wBTCs suitability to trade on the exchange.
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