Coinbase’s cbBTC has been recently launched in hopes of capitalizing on the DeFi trend on both Base and Ethereum. The new token aims to tap into the booming decentralized finance market by providing users with access to a wide range of DeFi projects. With the rise of DeFi applications on both platforms, cbBTC is expected to cater to the growing demand for decentralized financial services. This move by Coinbase signifies the company’s commitment to offering innovative solutions to its users in the rapidly expanding DeFi space.
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