Why cbBTC Could Be the Next Big Thing in DeFi || Unlocking Bitcoin's Full Potential

In this video, we dive deep into why Coinbase's new cbBTC could be a game-changer for decentralized finance (DeFi). Learn how cbBTC simplifies Bitcoin's participation in DeFi by automatically converting your Bitcoin for use in Ethereum-based protocols. We also explore comparisons with wrapped Bitcoin (WBTC), concerns around custodianship, and how Coinbase aims to increase Bitcoin's accessibility in DeFi. Whether you're a seasoned investor or new to crypto, discover how this new feature can unlock Bitcoin’s full potential in the DeFi space.

Timestamps:
00:00 – Introduction to cbBTC and Coinbase
01:04 – Wrapped Bitcoin vs Coinbase cbBTC
02:10 – How cbBTC works in DeFi
03:53 – Custodianship concerns: BitGo & Coinbase
05:27 – Why cbBTC is better for DeFi users
06:30 – Automatic conversions: A game-changer for Bitcoin users
08:05 – Simplifying DeFi participation with cbBTC

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#crypto#cbBTC #CoinbaseWrappedBitcoin #DeFiBitcoin #BitcoinInDeFi #CryptoBanking #WrappedBitcoinVsCoinbaseBTC #EthereumDeFi #CryptoCustodianship #CoinbaseDeFi #BitcoinConversion