Coinbase to List Coinbase Wrapped Staked ETH ($cbETH)

Coinbase announced that it will add support for Coinbase Wrapped Staked ETH ($cbETH) on the Ethereum network. Trading will begin on or after 9am PT on August 25th, if liquidity conditions are met. $cbETH is a utility token that represents $ETH2, which is $ETH staked through Coinbase. $cbETH can be sold or sent off-platform, while $ETH2 will remain locked-up until a future protocol upgrade. $cbETH represents staked $ETH plus all of its accrued staking interest. Holders of $ETH2 can "wrap" their $ETH2 and receive $cbETH through Coinbase.