About Coinbase Wrapped Staked ETH (cbETH)
Coinbase Wrapped Staked ETH ("cbETH") is a utility token representing Ethereum (ETH) staked via Coinbase. Key features include:
- Enables trading and on-chain transfers of staked ETH
- Compatible with DeFi protocols and decentralized applications
- Functions as a liquid staking token (no lockup periods)
👉 Explore cbETH staking rewards
Market Overview
Current cbETH Metrics
- Price: €2,388.53
- 24h Change: -2%
- 7d Change: +4%
- All-Time High: €3,776.76 (Dec 2024)
- Market Cap: €300.13M
- Circulating Supply: 373,334 cbETH
Price Performance
| Period | Price | Change |
|---|---|---|
| 24 Hours | €2,423.04 | ↘1.56% |
| 1 Week | €2,308.33 | ↗4.12% |
| 1 Month | €2,544.39 | ↘2.85% |
Network Addresses
| Network | Contract Address |
|---|---|
| Ethereum | 0xBe9895146f7AF43049ca1c1AE358B0541Ea49704 |
| Arbitrum | 0x1DEBd73E752bEaF79865Fd6446b0c970EaE7732f |
| Optimism | 0xadDb6A0412DE1BA0F936DCaeb8Aaa24578dcF3B2 |
Key Features
- Liquid Staking: Trade staked ETH without unbonding periods
- DeFi Integration: Use across Ethereum L2 networks
- Interest Accrual: Represents staked ETH + accumulated rewards
FAQ
What is cbETH?
cbETH represents staked ETH through Coinbase, enabling liquidity for locked staking positions. Each token:
- Tracks staking rewards
- Can be traded freely
- Maintains 1:1 redeemability with staked ETH
How does cbETH differ from staked ETH?
| Feature | cbETH | Native Staked ETH |
|---|---|---|
| Liquidity | ✅ Tradable | ❌ Locked |
| Transferability | ✅ On-chain moves | ❌ Restricted |
| DeFi Usage | ✅ Compatible | ❌ Unavailable |
What determines cbETH's value?
- Underlying staked ETH
- Accrued staking rewards
- Market demand dynamics
👉 Learn about Ethereum staking
Market Trends Analysis
The 37% decline from ATH suggests:
- Changing staking reward economics
- Broader ETH market conditions
- Increased competition in liquid staking solutions
Comparable Assets
Assets with similar market caps include:
- ether.fi Staked BTC
- Venus USDT
- Other liquid staking derivatives