The post World Liberty Financial Swaps $10.4M in cbBTC for WBTC Amidst Delisting Controversy appeared first on Coinpedia Fintech News
In a latest development, World Liberty Financial (WLFI), a project tied to Donald Trump, has swapped 102.9 cbBTC, valued at $10.4 million in Coinbase-backed cbBTC for 103.15 WBTC. This occurred after Coinbase announced the delisting of WBTC due to apparent failure to meet the exchange’s standards, which has led to speculation and controversies among market participants. Tron founder Justin Sun also questioned Coinbase CLO Paul Grewal on the delisting of wBTC and the fairness of their token listing standards. World Liberty Financial might have opted for stability by choosing WBTC, owing to its longer market presence and infrastructure advantages compared to cbBTC.