Coinbase Freed of BiT Global’s ‘Wrapped’ Bitcoin Delisting Case

BiT Global Digital Ltd. has voluntarily dismissed a case against Coinbase Global Inc. alleging the company kicked its wrapped token product off a key cryptocurrency platform.

“The parties hereby stipulate to a dismissal with prejudice,” according to a Monday filing in the US District Court for the Northern District of California. “Each party agrees to bear their own fees and costs.”

BiT Global Digital Ltd. last year claimed Coinbase delisted its wrapped token, wBTC, on Coinbase’s cryptocurrency platform shortly after launching a similar competing product.

Wrapped tokens are digital assets pegged to the price of a specific cryptocurrency, such as ...