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tBTC is a fully Bitcoin-backed ERC-20 token pegged to the price of Bitcoin. It facilitates Bitcoin holders to act on the Ethereum blockchain and access the decentralized finance (DeFi) ecosystem. tBTC is an open-source project supported by groups including Keep, Summa and the Cross-Chain Group.
The listing of these new tokens is a testament to Coinbase Custody’s plans to provide support for more assets for the benefit of its over 300 institutional clients.
New-York-based cryptocurrency exchange Gemini has finally decided to include support for DeFi tokens looking at the latest frenzy around DeFi coins in the market.