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President-elect Donald Trump, on Wednesday exchanged about $10 million worth of Coinbase's (COIN) wrapped bitcoin, cbBTC, for rival WBTC.Wrapped bitcoin is a form of the world's largest cryptocurrency that can be used indecentralized finance(DeFi) on blockchains other than Bitcoin.Coinbaseintroduced cbBTCin September, and in November said it would delist WBTC, citing its listing standards.

earn returns from environmental protection projects ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.That action prompted BiT Global, a custodian involved in WBTC, to sue the crypto exchange to prevent the removal.A court ruled against BiT Global on Wednesday.There's one more link in the chain: Justin Sun, the founder of the Tron blockchain and one of CoinDesk'sMost Influential 2024.

In its defense, Coinbase cited BiT Global's links to Sun, who has beenaccusedof fraud and market manipulation in the U.S., as an "unacceptable risk." Sun, who denies the accusations, also became an adviser to World Liberty Financial, a position he gained after picking up a $30 million stake in the platformlast monthin exchange for WLFI tokens.Trump's World Liberty(@worldlibertyfi) exchanged all 102.9$cbBTC($10.4M) for 103.earn returns from environmental protection projects ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.