Coinbase files motion to dismiss BiT Global's $wBTC delisting complaint

Paul Grewal, Chief Legal Officer at Coinbase, announced on X that the American cryptocurrency exchange successfully resisted a legal challenge that aimed to compel it to continue listing a token that no longer met its standards.

This announcement follows a lawsuit filed in December by the Hong Kong-based crypto exchange BiT Global—allegedly linked to Tron founder Justin Sun—which argued against Coinbase's decision to delist Wrapped Bitcoin (wBTC). At the time, Coinbase stopped trading wBTC, stating that the token failed to comply with its listing standards.

Grewal said that Coinbase has now filed a motion to dismiss BiT Global's complaint, underlining that Coinbase is under no legal obligation to list any particular asset.
#wbtc
#wBTC