About Coinbase Wrapped Staked ETH
Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents ETH staked through Coinbase. Coinbase customers can wrap their locked staked ETH to receive cbETH, which is an asset that can be traded, moved on-chain, and used in DeFi and other dapps. cbETH is known as a liquid staking token because it allows holders to get the benefits of staking without lockups or unbonding periods.
Buy Coinbase Wrapped Staked ETH
Trading Insights
Buyer Ratio
Traders
619
-11.7%
Buyers
148
-12.94%
Sellers
493
-10.2%
Searched
243
Market Stats
Market Cap
£459.99M
0.01%
FDV
£1.36B
Circ. Supply
126K cbETH
Max Supply
Not enough data
Total Supply
373K cbETH
Diluted Valuation
£1.36B
Performance
Popularity
#9,366
Dominance
0.02%
Volume (24H)
£6.87M
96.43%
Volume (7D)
£38.01M
Volume (30D)
£78.61M
All time high
£4.02K
Price Change (1Y)
76.76%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Wrapped tokens: Wrapped crypto-assets (e.g. cbETH, WBTC) (often referred to as 'wrapped tokens') are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.
Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.
Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.
Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.
Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.
Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.
Additional details
Recent trends
The price of Coinbase Wrapped Staked ETH has increased by 0.14% in the last hour and increased by 0.17% in the past 24 hours. Coinbase Wrapped Staked ETH’s price has also fallen by 3.11% in the past week. The current price is £3,640.20 per cbETH with a 24-hour trading volume of £6.87M. Currently, Coinbase Wrapped Staked ETH is valued at 9.48% below its all time high of £4,021.56. This all-time high was the highest price paid for Coinbase Wrapped Staked ETH since its launch.
The current circulating supply of Coinbase Wrapped Staked ETH is 126,290.931 cbETH which means that Coinbase Wrapped Staked ETH has as total market cap of £459,987,579.05.
Market details
cbETH vs markets
↘ 4.82%
cbETH vs BTC
↘ 2.85%
cbETH vs ETH
↗ 1.87%
Tags
defi
liquid-staking-derivatives
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xBe9895146f7AF43049ca1c1AE358B0541Ea49704 | |
Arbitrum | 0x1DEBd73E752bEaF79865Fd6446b0c970EaE7732f | |
Optimism | 0xadDb6A0412DE1BA0F936DCaeb8Aaa24578dcF3B2 | |
Polygon | 0x4b4327dB1600B8B1440163F667e199CEf35385f5 |
Price history
Time | Price | Change |
|---|---|---|
Today | £3,640.20 | ↗ 0.19% |
1 Day | £3,646.93 | ↗ 0.17% |
1 Week | £3,747.36 | ↘ 3.11% |
1 Month | £3,494.96 | ↗ 4.89% |
1 Year | £2,091.68 | ↗ 76.76% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Wrapped Staked ETH (cbETH) is a utility token that symbolizes ETH staked through Coinbase. Users can wrap their locked staked ETH to receive cbETH, a token that can be transferred, moved on-chain, and utilized in DeFi and other decentralized applications. cbETH is recognized as a liquid staking token as it enables holders to participate in staking without the constraints of lockups or unbonding periods.
Wrapped Staked ETH (cbETH) is a unique form of Ethereum (ETH) that represents staked ETH in a tradable format. Unlike natively-staked ETH, cbETH provides users with the flexibility to sell, transfer, or use it in various ways. It can be moved to a personal wallet and traded outside the platform it was created on. The number of cbETH units you receive upon wrapping is based on the ETH to cbETH conversion rate. cbETH represents 1 staked ETH plus all of its accrued staking interest starting from when cbETH's conversion rate and balance were initialized (June 16, 2022 19:34 UTC). However, the market prices of cbETH and staked ETH can deviate as they are traded across various platforms.
Wrapped Staked ETH, also known as cbETH, is a liquid representation of a user's staked ETH. It operates on the cToken Model, meaning tokens may be both minted and burned according to a conversion rate, which represents accrued staking interest since cbETH's conversion rate and balance were initialized (June 16, 2022 19:34 UTC). There is no fixed interchangeability between ETH and cbETH at a 1:1 ratio. As staked ETH accumulates non-monetary rewards over time, the value represented by each cbETH token may increase. cbETH provides different ways for users to engage with their tokens. It's important to note that the prices of these assets are subject to market dynamics.
We update our Coinbase Wrapped Staked ETH to GBP currency in real-time. Get the live price of Coinbase Wrapped Staked ETH on Coinbase.
The current market cap of Coinbase Wrapped Staked ETH is £459.99M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Coinbase Wrapped Staked ETH is £4,021.56. This all-time high is highest price paid for Coinbase Wrapped Staked ETH since it was launched.
Over the last 24 hours, the trading volume of Coinbase Wrapped Staked ETH is £6.87M.
Assets that have a similar market cap to Coinbase Wrapped Staked ETH include Mantle Restaked Ether, Stader ETHx, BENQI Liquid Staked AVAX, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Coinbase Wrapped Staked ETH is 126 thousand.
Coinbase Wrapped Staked ETH ranks 129 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 91% of Coinbase users are buying Coinbase Wrapped Staked ETH. In other words, 91% of Coinbase customers have increased their net position in Coinbase Wrapped Staked ETH over the past 24 hours through trading.
Yes, Coinbase Wrapped Staked ETH is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Coinbase Wrapped Staked ETH guide.
Social stats
Popularity in posts
#3240
Contributors
28
Posts
56
% About Coinbase Wrapped Staked ETH
0.004%
Hold times
0 days
X (Twitter)
63.88% bullish
Sentiment
3.8 ★
Highlights
28 unique individuals are talking about Coinbase Wrapped Staked ETH and it is ranked #3,240 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Coinbase Wrapped Staked ETH has an average sentiment score of 76 out of 5. Finally, Coinbase Wrapped Staked ETH is becoming less newsworthy, with 0 news articles published about Coinbase Wrapped Staked ETH.
On Twitter, people are mostly bullish about Coinbase Wrapped Staked ETH. There were 64.61% of tweets with bullish sentiment compared to 1.14% of tweets with a bearish sentiment about Coinbase Wrapped Staked ETH. 35.39% of tweets were neutral about Coinbase Wrapped Staked ETH. These sentiments are based on 54 tweets.
On Reddit, Coinbase Wrapped Staked ETH was mentioned in 2 Reddit posts and there were 0 comments about Coinbase Wrapped Staked ETH. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.