Odaily News Since its launch on September 12, Coinbase's Wrapped Bitcoin (cbBTC) has risen to nearly 2,000 tokens in circulation within a week, becoming the third-largest Wrapped Bitcoin token, surpassing Huobi BTC and renBTC in circulation in 2020. In contrast, it took more than a year for the first Wrapped Bitcoin token, wBTC, to reach similar circulation after its launch in 2019. Currently, wBTC still dominates the market with nearly 153,000 tokens in circulation. Coinbase's cbBTC growth is due to its holdings of more than 1 million Bitcoins on its platform. (Cointelegraph)