However, these assets are not live yet, and Coinbase stated that a launch timeline will be revealed later.
Wrapped tokens allow assets from one blockchain to be used on another, improving ecosystem interoperability.
So, Coinbase’s move would offer Base users access to these popular digital currencies while providing lower fees, better liquidity, and broader access to DeFi tools.
Meanwhile, Coinbase warned users to be cautious of fake claims about these tokens being available. The exchange stated that the only official Base contract addresses for these assets will be:
Since then, cbBTC’s adoption has gone parabolic and expanded to other blockchain networks like Solana. This has helped the token’s total supply exceed 45,000, equivalent to nearly $4 billion. Most of these tokens were issued on Ethereum and the Base network.
However, despite its growth, cbBTC still trails other competitors in market share.
