A month after its initial cryptic announcement, Coinbase has further stirred speculation around its upcoming wrapped Bitcoin product, cbBTC, by unveiling a potential logo. The logo, tweeted by the Base Twitter account, has intensified the belief that the launch of cbBTC is imminent.
The move comes in the wake of the controversy surrounding wBTC and BitGo, where concerns have been raised regarding Justin Sun’s involvement. It appears Coinbase is strategically capitalizing on this situation, positioning cbBTC as a potentially more transparent and trustworthy alternative.
Adding to the growing anticipation, several team members have also tweeted the logo, suggesting a coordinated rollout plan, a practice consistent with Coinbase and the Base ecosystem.
