cbBTC

cbBTC is wrapped bitcoin custodied at Coinbase that is compatible on Base, Solana, and Ethereum.

Coinbase customers in select geos can use the send & receive feature to seamlessly move their BTC on and offchain. When users send their BTC from Coinbase to Base, Solana, or Ethereum, it will automatically be converted 1:1 to cbBTC. When users receive cbBTC in their Coinbase accounts, it will be converted 1:1 from cbBTC to BTC. Notably, cbBTC will not have a separate order book or trading pair on Coinbase.