TBTC is Now Available on CoinList

We’re thrilled to announce that TBTC is now available on CoinList, a trading platform where, in addition to mainstays like BTC and ETH, early adopters can trade new digital assets before they appear on other exchanges. This listing is another milestone making it easier for people to put the huge store of value held in bitcoin into action in fast-growing Ethereum DeFi.

Keep is the builder of tBTC, along with Summa and the Cross-Chain Group. tBTC lets people exchange BTC for TBTC, an ERC-20 token that can be used on DeFi platforms, at a rate of 1:1. Each TBTC token is fully backed and matched by at least 1 BTC held in reserve. Users can convert TBTC to BTC, and vice-versa, with no intermediary needed to sign off.

The network is trustless, using a system of “signers” selected by a random beacon to safeguard the deposited BTC. TBTC can be converted to BTC, and vice-versa, at any time, with no intermediary needed to sign off. And, it only takes three easy steps for people to mint the TBTC. The keys to the bitcoin in tBTC are stored in offline Keeps, where they can’t be exposed to the public blockchain. tBTC has undergone three audits, by ConsenSys, Trail of Bits, and Sergei Delgado. Via Nexus Mutual, tBTC includes protections of funds covering issues in Solidity on Ethereum.

tBTC has seen strong adoption since launching in September, and has received support from prominent figures in the crypto community: Scalar Capital’s Linda Xie, Synthetix’s Kain Warwick, TokenSoft’s Mason Borda, Aragon’s Luis Cuende, and more, have said they plan to use tBTC as their BTC-ETH bridge, while tBTC integrations already include Matcha, UMA, and FalconX. This strong support indicates the demand for a safe, decentralized, and permissionless BTC-ETH bridge and the community’s confidence in tBTC.

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