BiT Global has filed a lawsuit against Coinbase, seeking $1 billion in damages. The lawsuit claims that Coinbase engaged in unfair business practices by delisting the cryptocurrency wBTC to promote its own alternative, cbBTC. BiT Global alleges that this move by Coinbase is detrimental and serves its interests in promoting a competing product at the expense of others. The case highlights the tensions within the cryptocurrency industry regarding platform decisions that may favor certain products over others for competitive advantage.