Coinbase Wrapped XRP ("cbXRP") is a token that is backed 1:1 by native Ripple (XRP) held by Coinbase, meaning that for all cbXRP in circulation, there is an equivalent amount of XRP held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbXRP, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbXRP and redeem a corresponding amount of the underlying XRP simply by depositing the cbXRP into their Coinbase accounts. cbXRP is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility.
cbXRP removes a key point of friction by allowing customers to use Ripple they already hold in new ways onchain. cbXRP is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their XRP as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbXRP are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.
Where is Coinbase Wrapped XRP available for purchase?
You can exchange CBXRP tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Coinbase Wrapped XRP is Aerodrome SlipStream, notably the CBXRP/CBBTC pair, which saw a trading volume of $ 419,315 in the past day. Additionally, PancakeSwap V3 (Base) and Hydrex Integral are popular alternatives for trading tokens.
What is the highest value Coinbase Wrapped XRP (CBXRP) has ever reached?
Coinbase Wrapped XRP (CBXRP) reached its peak price at 3.68 $ on 18 July 2025, approximately a month ago ago. Presently, the current price is -16.03% lower than this all-time high.
What is the historical minimum price for Coinbase Wrapped XRP (CBXRP)?
The minimum price reached for Coinbase Wrapped XRP (CBXRP) was 1.91 $, documented on 22 June 2025, more than 2 months ago. In comparison, the current price is 61.78%, it above this historical low.
What is the fully diluted valuation of Coinbase Wrapped XRP (CBXRP)?
The fully diluted valuation (FDV) of Coinbase Wrapped XRP (CBXRP) stands at $ 38,21 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CBXRP tokens. The realization of this FDV might take several years depending on the emission schedule of CBXRP tokens.