7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Aerodrome SlipStream | CBADA/0XCBB7…D33BF |
| $10.38K |
| 0.61% |
| TRADE |
| Aerodrome SlipStream | CBADA/0X4200…00006 | $6.89K | 0.61% | TRADE |
| Aero Slipstream (Base) | CBADA/0X4200…00006 | $503.92 | 0.70% | – |
Top 3 exchanges by 24h trading volume. Block Insider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
Coinbase Wrapped ADA ("cbADA") is a token that is backed 1:1 by native Cardano (ADA) held by Coinbase, meaning that for all cbADA in circulation, there is an equivalent amount of ADA held in a secure custody solution (including cold storage) provided by Coinbase.
Wrapped assets, like cbADA, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbADA and redeem a corresponding amount of the underlying ADA simply by depositing the cbADA into their Coinbase accounts.
cbADA is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility. cbADA removes a key point of friction by allowing customers to use ADA they already hold in new ways onchain.
cbADA is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their ADA as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method.
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