World Liberty Financial Swaps $10.4M in cbBTC for WBTC Amidst Delisting Controversy
In the latest development, Donald Trump-related project World Liberty Financial (WLFI) has exchanged 102.9 cbBTC worth $10.4 million backed by Coinbase for 103.15 WBTC. Previously, Coinbase announced that it would delist WBTC due to apparent failure to meet exchange standards, triggering speculation and controversy among market participants. Tron founder Justin Sun also questioned Coinbase CLO Paul Grewal over the delisting of wBTC and the fairness of its token listing standards. World Liberty Financial may choose WBTC to pursue stability because WBTC has longer market existence and infrastructure advantages compared to cbBTC.
