Cryptocurrency Q&A Why is bit global suing Coinbase for $1 billion?

Why is bit global suing Coinbase for $1 billion?

SejongWisdom SejongWisdom Sun Mar 02 2025 | 6 answers 1292
I heard that Bit Global is suing Coinbase for a huge amount of $1 billion. I'm curious to know the reasons behind this lawsuit. What are the allegations and why is the claim amount so high? Why is bit global suing Coinbase for $1 billion?

6 answers

CryptoTitaness CryptoTitaness Tue Mar 04 2025
BiT Global has initiated a lawsuit against Coinbase seeking damages of $1 billion.

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KatanaSword KatanaSword Tue Mar 04 2025
The suit alleges that Coinbase engaged in unfair practices by delisting wBTC.

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CherryBlossomDancing CherryBlossomDancing Mon Mar 03 2025
These services include spot trading, futures trading, and a digital wallet.

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Raffaele Raffaele Mon Mar 03 2025
The delisting of wBTC was done to promote Coinbase's own competing product, cbBTC.

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DigitalDukedom DigitalDukedom Mon Mar 03 2025
BiT Global claims that this action has caused significant financial harm.

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