Coinbase’s New Wrapped Bitcoin Token Goes Live, Hitting $100,000,000 Market Cap in First Day

US crypto giant Coinbase has successfully gone live with the launch of its wrapped Bitcoin token at a $100 million market cap. The firm’s Coinbase Wrapped BTC (cbBTC) is a Bitcoin (BTC)-backed, Ethereum (ETH)-based token that aims to help users streamline their decentralized finance (DeFi) experience. Data from CoinGecko shows that cbBTC started trading on The post Coinbase’s New Wrapped Bitcoin Token Goes Live, Hitting $100,000,000 Market Cap in First Day appeared first on The Daily Hodl .