---
title: "Coinbase chief legal officer responds to cbBTC service terms fears"
url: https://diffcoin.com/coinbase-chief-legal-officer-responds-to-cbbtc-service-terms-fears/
description: "Coinbase's cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper. Source link"
published: 2024-09-22
updated: 2024-09-22
author: "Mila"
site: "Diffcoin"
---

# Coinbase chief legal officer responds to cbBTC service terms fears

Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper.

[Source link](https://cointelegraph.com/news/coinbase-chief-legal-officer-responds-to-cb-btc-service-terms-fears?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)