One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our , we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for , , , , , , , , and , along with supporting additional order books. Coinbase continues to explore support for .
On Monday October 19, we will begin accepting inbound transfers ofWBTC to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Tuesday October 20, if liquidity conditions are met.
Once sufficient supply of WBTC is established on the platform, trading on our WBTC-USD and WBTC-BTC , transfer-only, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our .
is an Ethereum token that represents Bitcoin (BTC) on the Ethereum blockchain. Through a WBTC partner, 1 Bitcoin can be converted to 1 Wrapped Bitcoin, and vice-versa. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. The BTC that backs WBTC is transparently verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that now consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Please note that WBTC is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.
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