Bitcoin retail comeback on the cards as Coinbase pierces top-400 apps
Bitcoin exchange app popularity is the latest sign that crypto is seeing a retail renaissance in the US.
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Bitcoin exchange app popularity is the latest sign that crypto is seeing a retail renaissance in the US.
Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels.
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.
In 2022, Coinbase asked the SEC to propose and adopt rules to govern crypto, including clarification on which crypto assets are securities.
BlackRock and ETFs have saved “BTC’s price from the abyss repeatedly,” according to Bloomberg’s senior ETF analyst.
Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper.
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.
With 47 days until the US presidential election, tens of thousands of votes could make a difference in crucial swing states.
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.
