Coinbase to Launch wrapped versions ADA, DOGE, LTC, XRP on Base Network
Coinbase, the largest crypto exchange in the U.S., has announced plans to release four new bridged tokens: cbADA, cbDOGE, cbLTC, and cbXRP.
These are wrapped versions of Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), designed specifically for use on Base, Coinbase’s Ethereum Layer-2 network.
This move follows the earlier launch of cbBTC, a wrapped version of Bitcoin that operates on Base. Similar to cbBTC, the newly announced tokens will be backed 1:1 and locked through smart contracts, allowing them to function as equivalents of their native assets on the Base network.
These bridged tokens will enable users to interact with popular cryptocurrencies like ADA and XRP within the Ethereum ecosystem, enhancing their utility in DeFi protocols and dApps operating on Base. Coinbase also confirmed that users will be able to unlock their assets and return them to the original chain through smart contract mechanisms.
The exchange emphasized that these tokens are not live yet, cautioning users to avoid scams or counterfeit versions circulating before the official launch. An exact release date is expected to be announced soon.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
