cbXRP/FXRP
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.
Score | 44 |
|---|---|
24h Vol | $3K |
Liquidity | $4K |
Holders | 41.8K |
Audits | |
Age | 3 months |
FDV | $108.3M |
Market Cap | $108.3M |
| Addresses | |
|---|---|
| Pool | |
| cbXRP |  |
| FXRP |
cbXRP to FXRP Converter
Score | 44 |
|---|---|
24h Vol | $3K |
Liquidity | $4K |
Holders | 41.8K |
Audits | |
Age | 3 months |
FDV | $108.3M |
Market Cap | $108.3M |
About Coinbase Wrapped XRP (cbXRP)
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.
Other Pools Trading Coinbase Wrapped XRP (cbXRP)
cbXRP/FXRP Price Stats
The current price of cbXRP (cbXRP/FXRP) on Pancakeswap V3 (Base) is $1.1016, the price is up 0.45% in the last 24 hours. Its 24-hour trading volume is reported to be at $2,992.87 with a total of 55 transactions. cbXRP/FXRP contract address is 0xcb7de3c4bcc3371ddfd1a996c2f21ca5098081f5, with a Fully Diluted Valuation (FDV) of $108.26M and a liquidity pool of $3,980.64.
