Coinbase Wrapped Staked ETHPrice(CBETH)
Details Coinbase Wrapped Staked ETH (CBETH) Price information (USD)
The current real-time price of CBETH is $2,236.21. In the past 24 hours, CBETH has traded between $2,221.97 and $2,334.02, showing strong market activity. The all-time high of CBETH is $5,441.47, and the all-time low is $1,036.96.
From a short-term perspective, the price change of CBETH over the past 1 hour is
Coinbase Wrapped Staked ETH (CBETH) Market Information
Coinbase Wrapped Staked ETH (CBETH) Today's Price
The live price of CBETH today is $2,236.21, with a current market cap of $271.404M. The 24-hour trading volume is 3M. The price of CBETH to USD is updated in real time.
Coinbase Wrapped Staked ETH (CBETH) Price History (USD)
What is COINBASE WRAPPED STAKED ETH (CBETH)?
When is the right time to buy CBETH? Should I buy or sell CBETH now?
Before deciding whether to buy or sell CBETH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CBETH technical analysis can provide you with trading references.
Future price trend of CBETH
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CBETH.
How much will CBETH be worth tomorrow, next week, or next month in ? What about your CBETH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CBETH Price Prediction
How to buy COINBASE WRAPPED STAKED ETH (CBETH)
Convert CBETH to local currency
CBETH Resources
To learn more about CBETH, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x3154...0f2c35  | 23,004 | 5.53% |
ethereum | 0x51dd...f1acd4 | 15,080 | 3.62% |
ethereum | 0xd253...cfb5bc | 9,843.999 | 2.37% |
ethereum | 0x1c29...d3167b | 7,937.999 | 1.91% |
ethereum | 0x2d59...aba7a0 | 7,937.999 | 1.91% |
Other | 352.412K | 84.67% |
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COINBASE WRAPPED STAKED ETH (CBETH) FAQ
What is Coinbase Wrapped Staked ETH (cbETH)?
Coinbase Wrapped Staked ETH (cbETH) is a utility token that represents Ethereum (ETH) staked through the LBank platform. It allows users to participate in Ethereum's Proof-of-Stake consensus while maintaining liquidity for their staked assets. This innovative token provides flexibility for users engaging in ETH staking.
How does Coinbase Wrapped Staked ETH (cbETH) function within the staking ecosystem?
When users stake ETH on a platform like LBank, they can "wrap" it to receive cbETH. It operates on a cToken model, meaning its value reflects the staked ETH plus accrued staking rewards. This design results in its conversion rate to ETH fluctuating over time as rewards accumulate, providing a dynamic representation of their staked assets.
What are the primary benefits and use cases for holding or utilizing Coinbase Wrapped Staked ETH (cbETH)?
cbETH provides crucial liquidity for staked ETH. Holders can trade, sell, or use their staked assets in various decentralized finance (DeFi) applications, such as collateral in lending protocols, without the typical lockup periods associated with direct ETH staking. This flexibility allows users to maximize the utility of their staked Ethereum while earning rewards.
What are the key risks associated with holding or utilizing Coinbase Wrapped Staked ETH (cbETH) in the decentralized finance landscape?
Key risks include slashing risk (if the validator for the underlying staked ETH fails), market risk (cbETH's value can fluctuate and potentially de-peg from ETH), centralization risk due to reliance on a single entity for staking, smart contract risk from potential vulnerabilities in the wrapping mechanism, and general regulatory uncertainties affecting digital assets.
Is Coinbase Wrapped Staked ETH (cbETH) designed to maintain a 1:1 peg with Ethereum (ETH)?
No, cbETH is explicitly not pegged 1:1 to ETH. Its value inherently includes the accumulated staking rewards generated from the underlying staked Ethereum. This continuous accumulation of rewards causes its price to gradually diverge from ETH over time, meaning one cbETH will eventually represent more than one ETH.
Can Coinbase Wrapped Staked ETH (cbETH) be unwrapped or redeemed back into its underlying Ethereum (ETH)?
Yes, cbETH can be unwrapped back to ETH2 (staked ETH) through the issuing platform. Upon unwrapping, users will receive the underlying ETH2 plus any accrued staking rewards that it represents. However, it's important to note that this ETH2 will remain locked until a future Ethereum protocol upgrade enables withdrawals, maintaining its staked status.
Important COINBASE WRAPPED STAKED ETH (CBETH) industry updates
Time (UTC+8) | Type | News |
|---|---|---|
01-15 18:44:14 | Market Information | Coinbase Wrapped Staked ETH (cbETH), an ERC-20 utility token launched in August 2022, offers liquidity for staked ETH, allowing users to trade or use their assets in DeFi. It represents staked ETH plus accrued interest, causing its price to diverge from ETH. Recently, August 2024 saw a substantial $2.4 billion redemption, halving its supply, which Coinbase explained as an outcome of an infrastructure upgrade. Despite this, cbETH is lauded for enhancing Ethereum asset management by providing investors with fee-free flexibility to buy, sell, or hold, simplifying ETH engagement and fostering broader adoption within the crypto ecosystem. |
