Coinbase · Base · ERC-20

cbXRP
Coinbase Wrapped XRP.

cbXRP is an ERC-20 token on Base that represents XRP held 1:1 in Coinbase custody. You mint it by withdrawing XRP from your Coinbase account to a Base address, and redeem it by depositing cbXRP back to Coinbase.

Not a direct XRPL-to-Base bridge. You need a Coinbase account holding XRP to mint, and a Coinbase account to redeem. Your XRP is held by Coinbase, so you rely on Coinbase's custody and solvency. cbXRP is not the same token as wXRP (Hex Trust, Solana).

Connect a wallet to hold and trade cbXRP · Minting and redemption happen in Coinbase

1:1
Backed by XRP
Base
Network (ERC-20)
Coinbase
Issuer & custodian
Wallet · not connected—
  1. 1Hold XRP in your Coinbase account.
  2. 2Withdraw XRP to a Base address and select cbXRP as the network asset.
  3. 3Coinbase mints an equal amount of cbXRP to your Base address.
Amount of XRP
Estimated; actual figures are shown in Coinbase
✕
XRP
Coinbase
↓
You receive (before network fees)
— cbXRP
Ξ
cbXRP
Base · ERC-20
Rate1 XRP = 1 cbXRP
IssuerCoinbase
DestinationBase address
FeesCoinbase network fees apply

Requires a Coinbase account. Fees and limits are set by Coinbase.

1:1
Backing
XRP in Coinbase custody
Base
Network
ERC-20 token
Jun 2025
Launch
Live on Base
Live
Market data
See CoinGecko / CoinMarketCap

How it works

Mint and redeem
through Coinbase.

cbXRP follows Coinbase's wrapped-asset framework, the same model Coinbase uses for cbETH.

01
Hold XRP in Coinbase
Coinbase holds the XRP that backs cbXRP. To mint, you need XRP in your Coinbase account.
02
Mint on Base
Withdraw XRP from Coinbase to a Base address as cbXRP. Coinbase mints an equal amount to your address.
03
Use cbXRP in Base DeFi
Hold, trade, or use cbXRP in Base-based apps. The token is an ordinary ERC-20 in your wallet.
04
Redeem back to XRP
Deposit cbXRP to the Coinbase address. The XRP is credited to your Coinbase account, where you can withdraw it.
Mint and burn
Withdraw → Mint cbXRP
Withdrawing XRP to a Base address mints cbXRP. Depositing cbXRP to Coinbase burns it and credits XRP to your account.
Issuer
Coinbase (public company)
Coinbase issues and manages cbXRP and publishes proof-of-reserves transparency. Coinbase also issues cbDOGE and cbETH with the same framework.
Not the same as wXRP
wXRP (Hex Trust, Solana)
wXRP is a separate token issued by Hex Trust on Solana via LayerZero. Check the token and issuer before trading.

Backing & risk

What backs cbXRP
and what can go wrong.

Each cbXRP is intended to match 1 XRP held by Coinbase. Holding it means trusting Coinbase's custody, operations, and regulatory standing.

🏦
Coinbase custody
XRP backing cbXRP is held in Coinbase custody infrastructure. You rely on Coinbase's solvency and security, not on a decentralized bridge.
CUSTODIAL · COINBASE-HELD RESERVES
🔍
Proof of reserves
Coinbase publishes proof-of-reserves transparency for its wrapped assets. Check the latest report before relying on the 1:1 backing.
VERIFY THE LATEST REPORT
⚖️
Regulatory exposure
Changes in crypto regulation or Coinbase's status as a regulated exchange could affect minting and redemption.
REGULATORY RISK
📜
Open-source contracts
cbXRP's contract family derives from Coinbase's open-source wrapped-token framework, used for cbETH, which has had third-party security review.
OPEN SOURCE · CBETH LINEAGE
🔗
Chainlink CCIP
Coinbase has reported adopting Chainlink's CCIP as the bridge for its wrapped assets, including cbXRP. Cross-chain transfers depend on that infrastructure.
CCIP · INTEROPERABILITY
⚠️
Counterfeits
Scam tokens can copy the name. Only use the contract address listed on Coinbase's official pages.
VERIFY CONTRACT ADDRESS

Two networks

XRP on Base.

cbXRP brings XRP's liquidity into the Base ecosystem, which is an Ethereum Layer 2.

💧 XRP Ledger · native
XRP Ledger

XRP runs on the XRP Ledger with fast settlement and low fees. Native XRP is the asset you hold before minting and the asset you receive on redemption.

  • Native XRP on XRPL
  • Settlement in seconds
  • Redeem cbXRP back to XRP via Coinbase
Ξ Base · ERC-20
Base

Base is an Ethereum Layer 2 built by Coinbase. cbXRP is an ERC-20 there, so it works with Ethereum-compatible wallets and DEXs.

  • Hold cbXRP in any EVM wallet
  • Trade on Base DEXs
  • Use in Base DeFi apps where supported

FAQ

Questions & answers

How cbXRP works, how to mint and redeem it, and what backs it.

  • cbXRP is Coinbase Wrapped XRP: an ERC-20 token on Base, backed 1:1 by XRP held in Coinbase custody.
  • Coinbase launched cbXRP and cbDOGE on Base in June 2025, backed 1:1 by assets in Coinbase custody.
  • Hold XRP in your Coinbase account, then withdraw it to a Base address as cbXRP. Coinbase mints the equivalent amount to that address. This process requires a Coinbase account.
  • Deposit cbXRP to the Coinbase deposit address. Coinbase burns it and credits the equivalent XRP to your Coinbase account, which you can then withdraw to an XRP Ledger address.
  • Not with cbXRP. Minting and redemption go through Coinbase accounts. Direct XRPL-to-Base bridging is a different product, so check the issuer before using it.
  • Yes. The XRP backing cbXRP is held by Coinbase. Holding cbXRP means trusting Coinbase's custody and solvency.
  • cbXRP is issued by Coinbase on Base. wXRP is issued by Hex Trust on Solana using LayerZero. They are separate tokens with different issuers, networks, and risks.
  • cbXRP lives on Base, so choose Ethereum in the connect window and use an EVM wallet such as MetaMask, Coinbase Wallet, Rabby, or a WalletConnect-compatible wallet.
  • Check the contract address on Coinbase's official pages and on a block explorer for Base before trading. The page lists it as 0xcb585250f852c6c6bf90434ab21a00f02833a4af, but confirm it yourself.

cbXRP on Base.
Backed by Coinbase.

Coinbase Wrapped XRP: an ERC-20 on Base, backed 1:1 by XRP held in Coinbase custody. Mint and redeem through your Coinbase account.

Not financial advice · Verify the contract address before use