Exactly what @HentaiAtWork420 said.
Coinbase is the custodian for many ETFs which is almost exactly the same as this.
IMO it should be very obvious that cbBTC is far safer than almost every other coin on this platform.
Also there is already cbETH which is working fine.
If you need more clarity and more time to figure out if a coin custodied by Coinbase is safer than a coin custodied by you know who then maybe crypto is not for you.
In regards to decentralized versions of wrapped btc, I would trust cbBTC over ANY decentralized wrapped BTC unless it is running for 10 yrs with no issues and has over 5b mkcap.
Sure, add some decentralized wbtc as well and let them develop over time and maybe one will be the leader someday.
But for now, it is insane to be debating cbBTC. Same vibes as Vanguard blocking btc etf for customers.