Currencies34672
Market Cap$ 4.02T+1.17%
24h Spot Volume$ 48.83B+12.7%
DominanceBTC54.04%-0.24%ETH13.33%+1.29%
ETH Gas0.20 Gwei
Cryptorank

Coinbase Bridges Assets to Base DeFi with cbXRP cbADA cbDOGE cbLTC


by Parth Dubey
for CoinEdition
Coinbase Base Layer 2 to feature new wrapped tokens cbXRP, cbADA, cbDOGE, cbLTC from XRP, ADA, boosting DeFi.
  • Coinbase is launching wrapped XRP, ADA, DOGE, LTC as cbXRP, cbADA on its Base Layer 2
  • These Coinbase wrapped tokens like cbDOGE, cbLTC will bridge non-EVM assets to Base DeFi
  • Brian Armstrong’s Coinbase strategy includes wrapped tokens on Base for crypto expansion

Attempting to expand decentralized finance (DeFi) access across blockchains, Coinbase is preparing to launch wrapped versions of XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC) on its Ethereum Layer 2 network, Base.

These new wrapped tokens, to be designated cbXRP, cbADA, cbDOGE, and cbLTC, are designed to bridge these non-EVM chain assets to Base’s DeFi ecosystem, which holds over $3.6 billion in total value locked.

Official Contract Addresses Released for New Base-Wrapped Tokens

While the tokens aren’t live yet, Coinbase has confirmed their imminent arrival and issued official contract addresses to prevent users from falling for scams or imposters. This move mirrors Coinbase’s earlier success wit…

The post Coinbase Bridges Assets to Base DeFi with cbXRP cbADA cbDOGE cbLTC appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Alex Krüger says recent liquidations and scary charts could set up a bullish rebound,...
Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk

Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk

The Trump-family-linked crypto project, World Liberty Financial (WLF), has laid out i...

Coinbase Bridges Assets to Base DeFi with cbXRP cbADA cbDOGE cbLTC


by Parth Dubey
for CoinEdition
Coinbase Base Layer 2 to feature new wrapped tokens cbXRP, cbADA, cbDOGE, cbLTC from XRP, ADA, boosting DeFi.
  • Coinbase is launching wrapped XRP, ADA, DOGE, LTC as cbXRP, cbADA on its Base Layer 2
  • These Coinbase wrapped tokens like cbDOGE, cbLTC will bridge non-EVM assets to Base DeFi
  • Brian Armstrong’s Coinbase strategy includes wrapped tokens on Base for crypto expansion

Attempting to expand decentralized finance (DeFi) access across blockchains, Coinbase is preparing to launch wrapped versions of XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC) on its Ethereum Layer 2 network, Base.

These new wrapped tokens, to be designated cbXRP, cbADA, cbDOGE, and cbLTC, are designed to bridge these non-EVM chain assets to Base’s DeFi ecosystem, which holds over $3.6 billion in total value locked.

Official Contract Addresses Released for New Base-Wrapped Tokens

While the tokens aren’t live yet, Coinbase has confirmed their imminent arrival and issued official contract addresses to prevent users from falling for scams or imposters. This move mirrors Coinbase’s earlier success wit…

The post Coinbase Bridges Assets to Base DeFi with cbXRP cbADA cbDOGE cbLTC appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Crypto Charts Look 'So Broken and Bearish They’re Bullish' Ahead of Fed Meeting, Says Analyst

Alex Krüger says recent liquidations and scary charts could set up a bullish rebound,...
Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk

Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk

The Trump-family-linked crypto project, World Liberty Financial (WLF), has laid out i...