Coinbase’s step marks the latest significant institutional entrant to the field of BTCFi.
Coinbase, the world’s second-largest cryptocurrency exchange, could significantly boost the adoption of Bitcoin-native decentralized finance (DeFi).
The exchange has recently teased the development of a new Wrapped Bitcoin (BTC), called Coinbase BTC (cbBTC), creating widespread excitement among crypto investors.
cbBTC announcement. Source: Coinbase
