Coinbase Wrapped Assets
Do more with your assets onchain
Don't have a Coinbase account yet? Sign up
Benefits of Coinbase wrapped assets
Coinbase is pioneering a new era for DeFi with wrapped assets – a trusted and reputable wrapped version of your eligible assets that can be used onchain.
Secure
Coinbase wrapped assets are backed 1:1 and held in custody by Coinbase – which has a 10+ year record of securely custodying crypto for institutions and customers.
Faster and cheaper access
Coinbase is linking deep off-chain liquidity to low-cost, high-speed financial rails on Base (see FAQs for all available networks).
Seamless
Coinbase customers can use the send & receive feature to seamlessly move eligible assets on and offchain. Assets that are transferred from a Coinbase account to an address on Base automatically convert to the Coinbase wrapped asset 1:1.
How cbBTC works
Coinbase customers in select jurisdictions can use the send & receive feature to seamlessly move eligible assets on and offchain. When users send eligible assets from Coinbase to Base, it will automatically be converted 1:1 to a Coinbase wrapped asset. When users receive a Coinbase wrapped asset in their Coinbase accounts, it will be converted 1:1 to the underlying asset. Notably, wrapped assets will not have a separate order book or trading pair on Coinbase.
Coinbase wrapped assets ecosystem
Use your wrapped assets on a growing number of DeFi applications
What the industry is saying
Wrapped Assets Advantages
A more expansive ecosystem
By bringing more assets onchain via wrapped assets, Coinbase is helping build a more efficient, interconnected and expansive financial ecosystem.
A financial system that works for all
With Coinbase wrapped assets, we continue to increase economic freedom by giving users more ways to use their assets onchain.
Driving financial innovation
Coinbase wrapped assets are moving money forward. We’re one step closer bringing 1 billion people onchain.
FAQs
What assets are eligible to be wrapped?
What are Coinbase wrapped assets?
How can I get Coinbase wrapped assets?
Why would I wrap my assets?
What is token wrapping?
Am I eligible to wrap my assets?
How are wrapped assets backed 1:1 with the underlying asset on Coinbase?
Can I trade Coinbase wrapped assets on Coinbase?
How do I send and receive wrapped assets on Coinbase?
Will Coinbase report the wrapping or unwrapping of assets as a taxable event to the IRS?
What is Proof of Reserves?
Don’t have a Coinbase account?
We’re committed to creating more economic freedom through accessible, safe, and secure financial tools for everyone.