Coinbase Wrapped XRPPrice(CBXRP)
Details Coinbase Wrapped XRP (CBXRP) Price information (USD)
The current real-time price of CBXRP is $1.34. In the past 24 hours, CBXRP has traded between $1.32 and $1.35, showing strong market activity. The all-time high of CBXRP is $3.68, and the all-time low is $0.7734.
From a short-term perspective, the price change of CBXRP over the past 1 hour is
Coinbase Wrapped XRP (CBXRP) Market Information
Coinbase Wrapped XRP (CBXRP) Today's Price
The live price of CBXRP today is $1.34, with a current market cap of $64.596M. The 24-hour trading volume is 151K. The price of CBXRP to USD is updated in real time.
Coinbase Wrapped XRP (CBXRP) Price History (USD)
What is COINBASE WRAPPED XRP (CBXRP)?
When is the right time to buy CBXRP? Should I buy or sell CBXRP now?
Before deciding whether to buy or sell CBXRP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CBXRP technical analysis can provide you with trading references.
Future price trend of CBXRP
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CBXRP.
How much will CBXRP be worth tomorrow, next week, or next month in ? What about your CBXRP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CBXRP Price Prediction
How to buy COINBASE WRAPPED XRP (CBXRP)
Convert CBXRP to local currency
CBXRP Resources
To learn more about CBXRP, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
base | 0xbbbb...eeffcb  | 22.760M | 47.22% |
base | 0xb4fb...07e86d | 1.786M | 3.71% |
base | 0x40eb...2750c6 | 1.685M | 3.5% |
base | 0x18ae...5a1d1a | 365.000K | 0.76% |
base | 0xe787...acf90a | 350.651K | 0.73% |
Other | 21.258M | 44.1% |
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COINBASE WRAPPED XRP (CBXRP) FAQ
What is Coinbase Wrapped XRP (cbXRP) and how does this tokenized version of XRP function within the blockchain ecosystem?
cbXRP is a wrapped token, issued by a major platform, that is fully backed 1:1 by native XRP held in their custody. Its primary purpose is to enable XRP holders to utilize their assets on the Base network, an Ethereum Layer-2 blockchain, for participation in various decentralized finance (DeFi) activities. This includes engaging in lending, borrowing, and providing liquidity across different DeFi applications.
What are the fundamental differences between native XRP and its wrapped version, cbXRP?
Native XRP resides exclusively on the XRP Ledger (XRPL), whereas cbXRP is an ERC-20 token deployed on the Base network. While both assets maintain the same market value and backing, their utility differs significantly. cbXRP, being an ERC-20 token, gains the ability to interact seamlessly with smart contracts on the Base network, opening avenues for DeFi engagement that native XRP, on its own blockchain, currently cannot access.
What is the process for converting or "wrapping" native XRP into cbXRP for use on the Base network?
To wrap your XRP, you typically send your native XRP to your account on the issuing platform. When initiating a withdrawal for that XRP, you must explicitly select the "Base network" as your intended destination. The issuing platform then performs the wrapping process, converting your native XRP into cbXRP and sending the wrapped token directly to your designated Web3 wallet address on the Base network.
Is it possible to directly send cbXRP, an ERC-20 token, to a native XRP Ledger (XRPL) wallet address?
No, absolutely not. Sending cbXRP, which operates on the Base network, to a native XRP Ledger address will almost certainly result in the permanent loss of your funds. These tokens exist on fundamentally different blockchain networks and are incompatible for direct transfer. It is crucial to always send cbXRP to a wallet address that is compatible with the Base network to avoid irreversible errors.
How can users be assured that cbXRP is fully backed and redeemable for native XRP?
Yes, cbXRP is fully backed on a 1:1 basis. The issuing platform maintains transparent "Proof of Reserves" for its wrapped assets. This mechanism verifies that for every 1 cbXRP token circulating on the Base network, there is an equivalent 1 native XRP held securely in the issuing platform's custody. This commitment ensures the redeemability and stability of cbXRP.
Where can users acquire cbXRP if they do not utilize the primary issuing platform for wrapped tokens?
If you don't use the primary issuing platform, you can still obtain cbXRP through other channels. It is available for trading on decentralized exchanges (DEXs) operating on the Base network. Additionally, you can find cbXRP listed on various reputable centralized exchanges that support the wrapped version, including our platform (LBank) and other major exchanges that have integrated this token.
