BitGo COO: All WBTC Burn requests fulfilled

Chen Fang, BitGo’s COO, stated that all wrapped Bitcoin (WBTC), burn requests have been fulfilled. Prior to this, the coin redemption experienced congestion.Additionally, Chen Fang stated that BitGo is just the custodian and that all end-user minting and burning must pass through a WBTC network merchant before being traded at an exchange. Each WBTC has a 1:1 backing, which can be checked on the Ethereum chain. Wrapped Bitcoin is a representation for Bitcoin. Wrapped Bitcoin is a representation of Bitcoin. It reduces transaction costs and allows Ethereum to benefit from the large cash from the industry’s number one currency. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: #BitcoinAlamedaBitGOGenesisWBTCWrapped Bitcoin