Justin Sun Criticizes Coinbase for Delisting Wrapped Bitcoin

• Coinbase’s asset-agnostic policy faces scrutiny over wBTC delisting and cbBTC launch.
• BiT Global’s lawsuit highlights concerns over fairness in crypto exchange policies.
• wBTC growth persists despite Coinbase’s delisting and rise of competitor cbBTC.

Tron founder Justin Sun questioned Coinbase’s decision to delist wrapped Bitcoin (wBTC), sparking a debate about the exchange’s listing policies and the future of tokenized Bitcoin. This comes in light of a statement from Coinbase CEO Brian Armstrong, who previously emphasized the company’s dedication to listing all legally permissible assets. 

Armstrong explained that Coinbase’s approach prioritizes safety, legality, and fostering innovation, operating without opinions on an asset’s value. This commitment to an asset-agnostic model, he said, aligns with the principles of free markets and consumer choice, which are key drivers of growth in the crypto economy.

It seems that Coinbase’s CEO doesn’t agree with your perspective. Who has the final say at Coinbase? https://t.co/VfoLLEkOCk pic.twitter.com/NSCnB5DAjs

— H.E. Justin Sun (@justinsuntron) December 14, 2024

The Coinbase and wBTC Controversy

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