Coinbase It expands its mark in the area of the code by preparing for the release of wrapped versions of XrpCardano (Lead), Dogecoin (Dodge), Litecoin (Ltc) on ethereum Network 2 network, base.
in mail The Stock Exchange was published on May 13 through the Coinbase X assets, and confirmed the availability of CBXRP, CBADA, CBDOGE and CBLTC on the base.
However, these assets are not yet alive, and Coinbase stated that a timetable for later release will be revealed.
Coated symbols allow the use of assets from Blockchain to be used on another, which improves the interconnection of the ecosystem.
Therefore, the Coinbase will provide basic users to these common digital currencies while providing less fees and better liquidity and the broader access to Defi tools.
Al-Qaeda is the largest Ethereum Layer-2, with a total guaranteed value of more than $ 15 billion, according to L2BEATS Data.
Meanwhile, Coinbase has warned users not to beware of fake allegations about these available symbols. The Stock Exchange stated that the only official official contract addresses for these assets will be:
- CBADA: 0xcbada732173e39521CDBE8BF59a6DC85A9FC7B8C
- CBDOGE: 0xcbd06e5a2B0c6597161de254AA074E489deb510
- CBLTC: 0xcb17c9DB87B595717c857a08468793f5Bab6445f
- CBXRP: 0xcb585250f852c6BF90434B21A00f02833A4AF
CBTC growth
The expansion of Coinbase in the assets wrapped depends on its previous success with CBBTC, cabbage Bitcoin The release was launched on the base last year.
The distinctive symbol was presented yet BitgoWide user source WbtcThe changes were announced on the nursery model. This Coinbase has made a separate Bitcoin exposure option to the base via its CBBTC product.
Since then, CBTC’s dependence has become equivalent and expanded to other Blockchain networks like Solana. This helped the total offer in the distinctive symbol 45,000, equivalent to approximately $ 4 billion. Most of these symbols are released on Ethereum and the basic network.
However, despite its growth, CBTC still tracks other competitors in the market share.
according to Data From sand dune analyzes, WBTC currently controls more than half of the bitcoin market wrapped with 52.6 % stake. It follows BTCB, issued on the BNB series, by 26.7 %, while CBBTC represents about 16 %.
