cryptonews.net
Coinbase, a major publicly listed digital asset company, has selected Chainlink’s Cross-Chain Interoperability Protocol as the exclusive bridge for all Coinbase Wrapped Assets. Chainlink is an oracle infrastructure provider securing data and cross-chain operations for blockchain ecosystems. The integration will support cross-chain transfers and broader expansion of wrapped tokens.
Coinbase Wrapped Assets include cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, with a combined market cap of about $7 billion. The companies report that CCIP will provide a unified and secure foundation for moving these assets between networks.
Chainlink CCIP relies on decentralized oracle networks that secure a large share of global DeFi and have processed over $27 trillion in transaction volume. Coinbase expects that exclusive use of CCIP will streamline ecosystem growth for wrapped assets.
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