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BiT Global files lawsuit against Coinbase over allegations of breaching antitrust laws by delisting WBTC

  • BiT Global has filed a lawsuit against Coinbase, accusing the exchange of breaching antitrust laws.
  • The lawsuit claims that Coinbase unfairly removed wrapped Bitcoin (WBTC) to promote its in-house product, Coinbase Wrapped Bitcoin (cbBTC).
  • BiT Global alleges that Coinbase's actions are anti-competitive and aimed at increasing transaction revenues.
  • The firm seeks to restore competition, prevent centralization, and protect innovation in the crypto space.

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