Key Information:

• BiT Global has concluded its legal battle over the delisting of its wrapped bitcoin (wBTC) with Coinbase.
• The lawsuit claimed that Coinbase’s decision to remove wBTC from its platform damaged the token’s liquidity and reputation.
• Coinbase cited “unacceptable risk” due to Justin Sun’s connection with wBTC when it decided to delist the token.

BiT Global has officially resolved its conflict regarding the delisting of the wBTC token from Coinbase, which occurred last year. According to a joint court document, BiT Global has agreed to dismiss the lawsuit against the cryptocurrency exchange with prejudice, indicating that the suit cannot be refiled. The mutual agreement states that each company will bear its own legal fees.

The lawsuit was initiated by BiT Global after Coinbase announced the removal of the wBTC token, describing its affiliation with Justin Sun — a significant figure in the crypto space — as a risk. Sun, who became associated with wBTC through a partnership, has continued to support the token despite the controversy.

The agreement does not include any further details other than the cost-sharing arrangement.