Coinbase Wrapped BTC (CBBTC)
CryptoScore Pro global score : 72/100 (computed on 2026-10-28)
Coinbase Wrapped BTC (CBBTC) is a tokenized representation of Bitcoin designed to bridge the gap between Bitcoin’s native blockchain and Ethereum’s vibrant decentralized finance (DeFi) ecosystem. Deployed on Ethereum’s mainnet and later expanded to multiple chains—including Arbitrum, Base, Solana, and Monad—CBBTC enables Bitcoin holders to interact with Ethereum-based protocols, smart contracts, and DeFi applications without relinquishing custody of their BTC. This innovation is particularly critical given Bitcoin’s limited smart contract functionality and its isolation from Ethereum’s liquidity pools, lending markets, and yield-generating platforms. By wrapping BTC into an ERC-20 compliant token, Coinbase eliminates the need for cross-chain bridges or atomic swaps, reducing counterparty risk and simplifying access to Bitcoin’s value within Ethereum’s ecosystem. The project’s strategic alignment with Coinbase’s institutional-grade infrastructure further underscores its potential to attract both retail and wholesale participants seeking seamless Bitcoin integration across multiple blockchains. Technologically, CBBTC operates as a 1:1 backed token, meaning each CBBTC minted is…
Scores by pillar
| Technology | 57/100 |
|---|---|
| Tokenomics | 72/100 |
| Team | 55/100 |
| Adoption | 87/100 |
| Liquidity | 63/100 |
| Compliance | 75/100 |
Market data
| Price | $81,345.00 |
|---|---|
| Market cap | $7.82B |
| 24h volume | $308.15M |
| Market cap rank | #22 |
| 24h change | +0.79% |
| 7d change | -3.56% |
| Blockchain | Ethereum |
| Sector | Exchange |
Analysis
CBBTC serves as a bridge between Bitcoin and decentralized finance, meaning financial services without intermediaries. This ERC-20 token, backed 1:1 by BTC, runs on Ethereum and several sidechains. The token allows the value of Bitcoin to be used in lending or yield protocols.