News Explorer — Coinbase to Use Chainlink to Connect Wrapped Assets to Oracle Networks for DeFi Protocols

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Dec 11, 3:00 pm

Coindesk

Coinbase to Use Chainlink to Connect Wrapped Assets to Oracle Networks for DeFi Protocols

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has been chosen by Coinbase as the exclusive bridge for all Coinbase Wrapped Assets, connecting them to Chainlink oracle networks. This partnership covers tokens like cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, with a combined market value of $7 billion.

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has been chosen by Coinbase as the exclusive bridge for all Coinbase Wrapped Assets, connecting them to Chainlink oracle networks. This partnership covers tokens like cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, with a combined market value of $7 billion.

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