Coinbase and BiT Global have reached a settlement ending their legal dispute over the delisting of Wrapped Bitcoin (WBTC). This decision, confirmed in June 2025 court filings, marks a significant shift in the crypto market landscape as it addresses the complexities of token listing standards. Notably, the lawsuit itself was worth $1 billion and centered on claims of reduced market confidence and unfair competitive disadvantage. The resolution indicates a heightened awareness of regulated trading practices within the volatile cryptocurrency sector. The move by Coinbase to delist WBTC, coupled with the launch of its own competitor cbBTC, highlights how competition among crypto leaders is shaping market dynamics.