Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market – Cointelegraph

Coinbase has recently launched wrapped Bitcoin on the Solana blockchain in efforts to expand the decentralized finance (DeFi) market. This move aims to provide users with more opportunities to engage in DeFi activities on the Solana network. Wrapped Bitcoin allows users to access the popular cryptocurrency Bitcoin on the Solana blockchain, opening up new possibilities for trading and lending within the DeFi space. This integration is expected to bring more liquidity and accessibility to the Solana ecosystem, further solidifying its position in the growing DeFi market.