Coinbase 下架 WBTC，引发对 DeFi 生态系统的担忧

此举与 Coinbase 推出自己的 Wrapped 比特币产品 cbBTC 相一致。自 9 月份以来，cbBTC 迅速获得关注，市值达到 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.

主要加密货币交易所 Coinbase 宣布从其平台下架 Wrapped Bitcoin (WBTC)。由于 WBTC 交易活动减少，此举将影响在 Coinbase 上持有该代币的投资者。以下是该公告及其影响的详细介绍。

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 于 2024 年 11 月 19 日通过 X 帖子宣布，将定期评估其平台上列出的资产，以确保其符合 Coinbase 的标准。作为此过程的一部分，由于交易量较低，交易所决定下架 WBTC。此更改将于 2024 年 12 月 5 日生效，适用于 Coinbase.com（简单和高级交易）、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 客户需要在下架前将其代币转移到自我托管钱包或其他交易所。 12月5日之后，用户将无法再在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 最初的推出是为了在基于以太坊的 DeFi 平台上提供 BTC 流动性。它允许用户在不离开以太生态系统的情况下与 DeFi 协议进行交互。然而，随着更广泛的加密货币市场在长期熊市期间经历了活动下降，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 的公告称，交易量下降是 WBTC 下架的主要原因。然而，这一公告的时机和影响引发了加密货币社区内更广泛的讨论。

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.

分析师认为，WBTC 的实用性不断下降，加上来自其他打包资产和跨链技术的竞争，可能是其活动减少的原因之一。因此，WBTC 在去中心化金融（DeFi）中的作用也有所减弱。

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 中发挥了重要作用，充当 BTC 和基于以太坊的协议之间的桥梁。将其从 Coinbase 中删除可能会产生几个连锁反应：

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.

尽管存在这些担忧，一些专家认为 DeFi 行业的韧性和快速创新将最大限度地减少 WBTC 从 Coinbase 退市的长期影响。

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 的投资者必须在下市前提取或转换其代币。 12 月 5 日之后，用户将无法再在平台上交易或持有 WBTC，需要迅速采取行动。

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.

对于那些想知道 WBTC 未来的人来说，密切关注事态发展至关重要。虽然其在 DeFi 中作为 BTC 代理的主要用例仍然存在，但生态系统的演变和新兴替代方案可能会影响其作用。投资者还应考虑将持有的资产分散到其他稳定和流动性资产中，以管理与特定平台退市相关的风险。

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 的决定凸显了加密货币格局的动态本质。虽然此举反映了市场现实，但也凸显了在快速发展的竞争空间中保持流动性和相关性所面临的持续挑战。对于 DeFi 生态系统来说，适应性将是关键。与此同时，投资者必须保持警惕，确保他们以明智的策略驾驭加密货币市场不断变化的潮流。随着行业的成熟，这种转变可能会成为其更广泛的增长和转型故事的一部分。