tldr; Coinbase has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridge infrastructure for its Coinbase Wrapped Assets (cbBTC, cbETH, etc.), which have a market cap of $7 billion. This partnership aims to expand these assets across multiple blockchains. Chainlink CCIP, known for its security and reliability, supports over 70% of DeFi and has processed $27 trillion in transactions. The collaboration is expected to accelerate the growth of Coinbase’s wrapped assets and enhance cross-chain connectivity.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
trollking66 on
love the LINK, hope to see it grow.
HSuke on
> This news follows Base’s announcement last week that the Base-Solana Bridge is now live and secured by Chainlink CCIP alongside Coinbase.
That’s pretty cool. Legit use case.
ZestycloseWill5287 on
Massive move by coinbase. If their wrapped assets start flowing safely across chains thanks to CCIP, that’s going to push cross chain activity into a completely new phase and honestly, with consumer apps like Oobit making crypto usable in everyday places, this kind of infrastructure upgrade is what we’ve needed
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tldr; Coinbase has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridge infrastructure for its Coinbase Wrapped Assets (cbBTC, cbETH, etc.), which have a market cap of $7 billion. This partnership aims to expand these assets across multiple blockchains. Chainlink CCIP, known for its security and reliability, supports over 70% of DeFi and has processed $27 trillion in transactions. The collaboration is expected to accelerate the growth of Coinbase’s wrapped assets and enhance cross-chain connectivity.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
love the LINK, hope to see it grow.
> This news follows Base’s announcement last week that the Base-Solana Bridge is now live and secured by Chainlink CCIP alongside Coinbase.
That’s pretty cool. Legit use case.
Massive move by coinbase. If their wrapped assets start flowing safely across chains thanks to CCIP, that’s going to push cross chain activity into a completely new phase and honestly, with consumer apps like Oobit making crypto usable in everyday places, this kind of infrastructure upgrade is what we’ve needed