Coinbase Selects Chainlink CCIP as the Exclusive Bridge Infrastructure

Chainlink announced via X on Thursday that Coinbase has selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for all Coinbase Wrapped Assets, enabling cross-chain transfers and expansion.

Coinbase Wrapped Assets, which include cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, currently have an aggregate market cap of approximately $7B.

Chainlink CCIP provides an established foundation for bridging Coinbase Wrapped Assets across ecosystems. With Chainlink CCIP as exclusive bridging provider, Coinbase Wrapped Assets are positioned to significantly expand across ecosystems.

This news follows Base's announcement last week that the Base-Solana Bridge is now live and secured by Chainlink CCIP alongside Coinbase.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 4% over the past 24 hours and is trading at $14.16 at press time.