Coinbase Announces cbBTC, the First Bitcoin-Backed Token on Solana
Coinbase has just announced cbBTC, the very first Bitcoin-backed token on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase
Coinbase has just announced the launch of cbBTC, making Bitcoin now accessible on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase custody, providing an easy way for users to access BTC directly on the Solana blockchain.
Coinbase’s cbBTC now brings the power of Bitcoin onto Solana’s high-speed network as per the announcement on Monday. This expands the availability of BTC to decentralized applications and traders worldwide.
Bitcoin Now Accessible on Solana with Coinbase’s cbBTC
Coinbase has officially integrated Solana into its cryptocurrency ecosystem. Beginning today, users can now mint cbBTC, an SPL token that is backed 1:1 by native Bitcoin held by Coinbase. This will greatly increase the accessibility of Bitcoin within Solana’s fast-growing decentralized finance (DeFi) ecosystem.
The addition of cbBTC to Solana marks the first token to be issued by Coinbase on the chain. Moreover, users will be able to utilize their cbBTC across various protocols on Solana from day one.
This integration follows the recent announcement of Coinbase Clear, a new product line that will enhance the accessibility and liquidity of crypto assets across multiple blockchains. Through Coinbase Clear, users can now easily trade BTC, cbBTC, SOL, and USDC on both the Solana and Ethereum networks.
Coinbase Clear Expands Cross-Chain Liquidity for BTC, SOL, cbBTC, and USDC
Coinbase Clear is now live on both Ethereum and Solana. This expands the availability of cbBTC, SOL, USDC, and wBTC on both chains.
Coinbase Clear is a new product line that enhances the accessibility and liquidity of crypto assets across multiple blockchains. With Coinbase Clear, users can now trade BTC, cbBTC, SOL, and USDC on both Solana and Ethereum.
Coinbase Clear now supports the following tokens on both Ethereum and Solana:
- BTC (SPL and ERC-20)
- cbBTC (SPL)
- SOL (SPL and ERC-20)
- USDC (SPL and ERC-20)
- wBTC (ERC-20)
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
Coinbase Clear also provides cross-chain order routing for BTC, SOL, cbBTC, and USDC. This enables users to access the best prices and liquidity across both Solana and Ethereum.
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