Coinbase 下架 WBTC，引發對 DeFi 生態系統的擔憂

此舉與 Coinbase 推出自己的 Wrapped 比特幣產品 cbBTC 一致。自 9 月以來，cbBTC 迅速獲得關注，市值達到 1.3B 美元。

Coinbase, a major cryptocurrency exchange, has announced the delisting of Wrapped Bitcoin (WBTC) from its platform. This move, driven by WBTC’s dwindling trading activity, will impact investors holding the token on Coinbase. Here's a closer look at the announcement and its implications.

主要加密貨幣交易所 Coinbase 宣布從其平台下架 Wrapped Bitcoin (WBTC)。由於 WBTC 交易活動減少，此舉將影響在 Coinbase 上持有該代幣的投資者。以下是該公告及其影響的詳細介紹。

Coinbase announced on November 19, 2024, through an X post, that it periodically evaluates the assets listed on its platform to ensure their alignment with Coinbase's standards. As part of this process, the exchange has decided to delist WBTC due to low trading volume. This change will take effect on December 5, 2024, and applies to Coinbase.com (Simple and Advanced Trade), Coinbase Exchange, and Coinbase Prime.

Coinbase 於 2024 年 11 月 19 日透過 X 貼文宣布，將定期評估其平台上列出的資產，以確保其符合 Coinbase 的標準。作為此過程的一部分，由於交易量較低，交易所決定下架 WBTC。此變更將於 2024 年 12 月 5 日生效，適用於 Coinbase.com（簡單和進階交易）、Coinbase Exchange 和 Coinbase Prime。

Coinbase customers holding WBTC will need to transfer their tokens to a self-custody wallet or another exchange before the delisting. After December 5, users will no longer be able to trade or hold WBTC on the Coinbase platform.

持有 WBTC 的 Coinbase 客戶需要在下架前將其代幣轉移到自我託管錢包或其他交易所。 12月5日之後，用戶將無法再在Coinbase平台上交易或持有WBTC。

WBTC was initially introduced to provide BTC liquidity on Ether-based DeFi platforms. It allowed users to interact with DeFi protocols without leaving the Ether ecosystem. However, as the broader crypto market experienced declining activity during a prolonged bear market, so did WBTC.

WBTC 最初的推出是為了在基於以太坊的 DeFi 平台上提供 BTC 流動性。它允許用戶在不離開以太生態系統的情況下與 DeFi 協定進行互動。然而，隨著更廣泛的加密貨幣市場在長期熊市期間經歷了活動下降，WBTC 也是如此。

Coinbase's announcement cites this decline in trading volume as the main reason for delisting WBTC. However, the timing and implications of this announcement have sparked broader discussions within the crypto community.

Coinbase 的公告稱，交易量下降是 WBTC 下架的主要原因。然而，這項公告的時機和影響引發了加密貨幣社群內更廣泛的討論。

Analysts suggest that WBTC's diminishing utility, along with competition from other wrapped assets and cross-chain technologies, may have contributed to its reduced activity. As a result, WBTC's role in decentralised finance (DeFi) has also diminished.

分析師認為，WBTC 的實用性不斷下降，加上其他打包資產和跨鏈技術的競爭，可能是其活動減少的原因之一。因此，WBTC 在去中心化金融（DeFi）中的作用也有所減弱。

WBTC has played a significant role in DeFi, serving as a bridge between BTC and Ether-based protocols. Its removal from Coinbase could have several ripple effects:

WBTC 在 DeFi 中發揮了重要作用，可作為 BTC 和基於以太坊的協議之間的橋樑。將其從 Coinbase 中刪除可能會產生幾個連鎖反應：

Despite these concerns, some experts believe that the DeFi sector's resilience and rapid innovation will minimise the long-term impact of WBTC's delisting from Coinbase.

儘管有這些擔憂，一些專家認為 DeFi 行業的韌性和快速創新將最大限度地減少 WBTC 從 Coinbase 下市的長期影響。

Investors holding WBTC on Coinbase must withdraw or convert their tokens before the delisting. After December 5, users will no longer be able to trade or hold WBTC on the platform, necessitating swift action.

在 Coinbase 上持有 WBTC 的投資者必須在下市前提取或轉換其代幣。 12 月 5 日之後，用戶將無法再在平台上交易或持有 WBTC，需要迅速採取行動。

For those wondering about WBTC's future, monitoring developments closely is essential. While its primary use case as a BTC proxy in DeFi remains, the ecosystem's evolution and emerging alternatives could influence its role. Investors should also consider diversifying holdings into other stable and liquid assets to manage risks associated with platform-specific delistings.

對於那些想知道 WBTC 未來的人來說，密切關注事態發展至關重要。雖然其在 DeFi 中作為 BTC 代理的主要用例仍然存在，但生態系統的演變和新興替代方案可能會影響其作用。投資者還應考慮將持有的資產分散到其他穩定和流動性資產中，以管理與特定平台退市相關的風險。

Coinbase's decision to delist WBTC highlights the dynamic nature of the cryptocurrency landscape. While the move reflects market realities, it also highlights the ongoing challenges of maintaining liquidity and relevance in a rapidly evolving competitive space. For the DeFi ecosystem, adaptability will be key. Meanwhile, investors must remain vigilant, ensuring they navigate the changing tides of the crypto market with informed strategies. As the industry matures, such shifts will likely become part of its broader story of growth and transformation.

Coinbase 下架 WBTC 的決定凸顯了加密貨幣格局的動態本質。雖然此舉反映了市場現實，但也凸顯了在快速發展的競爭空間中保持流動性和相關性所面臨的持續挑戰。對於 DeFi 生態系統來說，適應性將是關鍵。同時，投資者必須保持警惕，確保他們以明智的策略駕馭加密貨幣市場不斷變化的趨勢。隨著產業的成熟，這種轉變可能會成為其更廣泛的成長和轉型故事的一部分。