Bit Global Digital Takes Coinbase To Court Over WBTC Delisting
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Bit Global Digital, the issuer of Wrapped Bitcoin (WBTC), is taking legal action against Coinbase, a prominent cryptocurrency exchange. The lawsuit arises from Coinbase's decision to remove WBTC from its platform, which Bit Global Digital claims resulted in significant financial losses. The company is seeking up to $1 billion in damages, highlighting the serious nature of the delisting impact. This lawsuit underscores the potential implications and responsibilities of major exchanges regarding the cryptocurrencies they choose to list or delist, and the financial consequences for stakeholders involved.
Source: bitcoinist.com ↗
