Crypto industry insiders like Justin Sun are questioning Coinbase’s token listing criteria following the exchange’s decision to delist wBTC in November.
Coinbase’s chief legal officer has responded to criticism of the exchange’s token listing and delisting practices after a $1 billion lawsuit accused the company of anticompetitive behavior regarding Wrapped Bitcoin.
Crypto exchange Coinbase is being sued for over $1 billion by BiT Global Digital, which is accusing the company of harming the crypto market through its decision to delist Wrapped Bitcoin (WBTC) in November.
In a Dec. 13 complaint, BiT Global alleged that Coinbase decided to delist wBTC to promote its own competing Bitcoin-based token, Coinbase BTC (cbBTC).
