WBTC Hits New High on Aave, Coinbase’s Bitcoin Wrapped Supply Increases

It has been 48 days since Bitgo revealed its partnership with Bit Global on August 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has reached a new peak. Meanwhile, cbBTC, Coinbase’s bitcoin derivative token, reached a market cap of $247.8 million. Changes in the Bitcoin Derivatives Landscape (…)