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Coinbase Wrapped XRP Overview
24h High
$1.34
24h Low
$1.32
24h Change
+0.25%
7d Change
-3.52%
30d Change
-1.44%
Volume 24h
$24.3K
Market Cap
$65.82M
Circulating Supply
49.33M CBXRP
Coinbase Wrapped XRP News
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About Coinbase Wrapped XRP
CBXRP is an ERC-20 token on Base that represents XRP held 1:1 in Coinbase custody. Users can mint by withdrawing XRP to Base, use CBXRP across DeFi, and redeem native XRP by depositing CBXRP back to Coinbase. Backing is managed by Coinbase with role-based governance and proof-of-reserves transparency.
CBXRP allows XRP exposure to be used natively in on-chain finance on Base. Typical uses include providing liquidity in DeFi protocols, using CBXRP as collateral to borrow other assets, and making payments on supported platforms, without moving native XRP out of Coinbase custody.
- Base (ERC-20): CBXRP is currently available on Base. Supply and activity can be verified on BaseScan and via Coinbase’s proof-of-reserves materials.
- Minting: When a user withdraws XRP from a Coinbase account to the Base network as CBXRP, Coinbase mints an equivalent amount of CBXRP and sends it to the user’s Base address. The corresponding XRP is held in Coinbase reserves. - Burning: When CBXRP is deposited to a Coinbase-specified address, the tokens are burned and the user’s XRP Ledger account is credited with the equivalent XRP from reserves. This workflow follows Coinbase’s wrapped-asset framework used across products and can be monitored via on-chain supply data and Coinbase’s proof-of-reserves disclosures.
XRP reserves backing CBXRP are custodied by Coinbase using a combination of hot and cold wallets. Keys are encrypted, geographically distributed and require multiple operators, with reconciliations against blockchain data. Smart-contract control follows a role-based model including Admin, Owner, Blacklister, MasterMinter, Minter and Pauser, consistent with Coinbase’s wrapped-token contracts.
CBXRP relies on Coinbase’s wallet infrastructure, monitoring and audits. The wrapped-token contract family underpinning CBXRP derives from Coinbase’s open-source wrapped-tokens framework with lineage to cbETH, which has undergone third-party security review. Coinbase operates under AML/KYC regimes and holds registrations and licences in multiple jurisdictions.
Coinbase Wrapped XRP Markets
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Coinbase Wrapped XRP Platforms
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Coinbase Wrapped XRP Market Data
The live Coinbase Wrapped XRP price today is $1.34 USD with a 24-hour trading volume of $24,298.77 USD. We update our CBXRP to USD price in real-time. Coinbase Wrapped XRP is up 0.25% in the last 24 hours.
The current market cap is $65,824,974.04 USD. The circulating supply is 49,326,468 CBXRP.