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

November 24, 2024

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

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. Fast forward to […]

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