Coinbase's cbBTC Captures 29.8% of Wrapped BTC Market in May 2026, wBTC Declines to 41.6%

WBTC0.36%
According to Kaiko, the wrapped BTC market experienced significant shifts in May 2026. Coinbase's wrapped BTC (cbBTC) has captured 29.8% of the market since its launch, while the previously dominant wrapped Bitcoin (wBTC) declined to 41.6% market share after losing 26% of its holdings.
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