Coinbase Adopts Chainlink CCIP as Exclusive Bridge for Wrapped Assets

Coinbase has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for all Coinbase Wrapped Assets, according to a joint announcement from the two companies.

The integration will support cross-chain transfers and broader ecosystem expansion for wrapped assets such as cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, which together hold a market capitalization of roughly $7 billion.

Chainlink’s CCIP is built on decentralized oracle networks used to secure more than 70% of global DeFi activity and has facilitated over $27 trillion in transaction volume. The companies stated that CCIP offers a “battle-tested” foundation for interoperability, positioning Coinbase Wrapped Assets for wider multi-chain deployment.

“We chose Chainlink because they are an industry leader for cross-chain connectivity,” said Josh Leavitt, Senior Director of Product Management at Coinbase. “Their infrastructure provides a reliable means to expand Coinbase Wrapped Asset offerings.”

William Reilly, Head of Strategic Initiatives at Chainlink, added: “CCIP was selected by Coinbase for their cross-chain needs due to CCIP’s security and reliability… I am excited about accelerating the growth of Coinbase's wrapped assets and look forward to helping bring global finance onchain.”

The companies noted that CCIP will serve as the sole bridging provider for wrapped assets going forward.