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.

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

Bridge & rewards

Move cbXRP between networks.

Bridging routes and cashback rewards are in development. The interface below shows how they will work. The actions are not available yet.

BridgeComing soon
Routes
XRPL → Base Base → XRPL Base → Ethereum Base → Solana
From
—
To
—
Bridge fee0.10% (planned)
Estimated timeTo be confirmed
CustodyCoinbase (cbXRP)
Cashback on this bridge (planned)
0 cbXRP 0.01% of volume
RewardsExample
Example state
Accrued cashback
0.0000 cbXRP
Cashback: 0.01% of each bridge volume.
Rate0.01% of bridge volume
Minimum to claimTo be confirmed
Claim frequencyTo be confirmed
  • No claims—

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 issues cbXRP. It is not issued by Hex Trust, Ripple, or the XRP Ledger Foundation.
  • Coinbase launched cbXRP and cbDOGE on Base in June 2025.
  • cbXRP is on Base, an Ethereum Layer 2. It follows the ERC-20 standard.
  • No. Native XRP lives on the XRP Ledger. cbXRP is a token that represents XRP held by Coinbase. Both are designed to be worth the same, but they are different assets with different risks.
  • Each cbXRP is intended to match 1 XRP held in Coinbase custody. Coinbase publishes reserve information for its wrapped assets. Check the latest report before relying on it.
  • Hold XRP in your Coinbase account, then withdraw it to a Base address as cbXRP. Coinbase mints the equivalent amount to that address.
  • Yes. Minting starts from XRP held in a Coinbase account. Direct minting from an XRP Ledger wallet is not supported for cbXRP.
  • Deposit cbXRP to the Coinbase deposit address. Coinbase burns it and credits the equivalent XRP to your Coinbase account. You can then withdraw the XRP to an XRP Ledger address.
  • Timing depends on Coinbase processing and network confirmations on Base and the XRP Ledger. This page does not guarantee a specific time.
  • Coinbase network fees and any Coinbase withdrawal or deposit fees apply. Check the fee shown in Coinbase before confirming.
  • Minimums and limits are set by Coinbase and can change. Check your Coinbase account before starting.
  • cbXRP supply moves with minting and burning. It is not a fixed-supply token, so the circulating amount changes over time.
  • Yes. The XRP backing cbXRP is held by Coinbase. Holding cbXRP means trusting Coinbase's custody, operations, and solvency.
  • You can hold and transfer cbXRP in an EVM wallet on Base if you already have it. Minting and redeeming to XRP require a Coinbase account.
  • Use an EVM wallet that supports Base, such as MetaMask, Coinbase Wallet, Rabby, or a WalletConnect-compatible wallet.
  • No. cbXRP is an ERC-20 on Base. Choose Ethereum in the connect window to use it.
  • 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.
  • Not for cbXRP. Minting and redeeming go through Coinbase accounts. Any direct bridge would be a different product with its own issuer and risks.
  • In this build, the Bridge button only simulates a transfer in your browser and calculates a cashback preview. No real transfer is made.
  • The uses 0.01% of the bridged amount as a placeholder rate. The real rate, if any, will be set by the program terms.
  • In this , claims unlock at 1.0000 cbXRP of cashback. The real minimum and frequency are not set yet.
  • No, not in this build. Rewards are in your browser. A real program would need a funded reward pool, published terms, and a deployed contract.
  • Caps and minimums help control cost and reduce abuse, such as bridging back and forth to farm rewards. The real values will be defined by the program.
  • Verify the contract address on Coinbase's official pages and on a Base block explorer before trading. Scam tokens can copy the name and logo.
  • The cbxrp.org page lists the address in the Trade tab. Confirm it against Coinbase's official pages and BaseScan yourself before use.
  • Network congestion, confirmation times, or a Coinbase processing step can delay transactions. Check the status in Coinbase and on the relevant block explorer.
  • On a public blockchain, transfers to a wrong address are generally irreversible. Double-check every address before sending.
  • cbXRP can be traded on Base-compatible DEXs and any venues that list it. Check liquidity and slippage before trading.
  • Not necessarily. cbXRP trades on its own market and can differ from XRP because of liquidity, fees, and market conditions.
  • This page does not offer yield. Any yield would depend on third-party protocols and carries its own risks.
  • No, unless stated on Coinbase's official pages. This is an information and test page.
  • No. The information is for education and testing only. Consider your own situation and seek professional advice where needed.
  • Tax rules depend on your jurisdiction. Consult a qualified tax professional. This page does not provide tax advice.
  • Verify the issuer, contract address, network, fees, and current backing report. Only use amounts you can afford to lose.

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