What is COINBASE WRAPPED ADA(CBADA)?

Basic information about CBADA

Coin name:

Coinbase Wrapped ADA

Coin symbol:

Coin introduction:

Coinbase Wrapped ADA ("cbADA") is a token that is backed 1:1 by native Cardano (ADA) held by Coinbase, meaning that for all cbADA in circulation, there is an equivalent amount of ADA held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbADA, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbADA and redeem a corresponding amount of the underlying ADA simply by depositing the cbADA into their Coinbase accounts. cbADA is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility. cbADA removes a key point of friction by allowing customers to use ADA they already hold in new ways onchain. cbADA is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their ADA as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbADA are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.

Current Price:

$0.25More coin details

All-time high:

$1.07

All-time low:

$0.18

CBADA Supply Info and Tokenomics

Circulating supply:

40,848,970

Total supply:

40,848,970

Max supply:

Market cap:

$10.17M

Fully diluted valuation:

$10.17M

What is the outlook and future value of CBADA?

The current market cap of CBADA is $10.17M, ranked 1572 in the market, showing that the market already recognizes the value of CBADA. When a bull market arrives, the market cap of CBADA may continue to grow.

Moreover, if CBADA can play a greater role in real-world applications—such as if the Monero developers can fully empower CBADA and establish partnerships with more business partners to expand its user base—then the long-term value of CBADA will be further enhanced.

What is the price of CBADA in 2027?

According to the historical price performance prediction model of CBADA, the price of CBADA is expected to reach $0.26 at 2027.

Note: As with any crypto investment, investors should closely monitor CBADA’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get CBADA?

Purchasing CBADA with cash is not the only way to obtain CBADA. If you have enough time, you can get CBADA for free.

Learn how to get Hot rewards for free with CBADA.

Earn free CBADA by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get CBADA airdrops for free.

All crypto airdrops and rewards can be exchanged for CBADA through LBank spot trading.

Buy CBADA starting from $1

What is CBADA used for and how to use it?

The use cases for CBADA may grow with the development of the crypto market and project progress. Currently, you can use CBADA to:

Arbitrage trading of CBADA

CBADA is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many CBADA trading pairs to suit your needs.

Earn yield with CBADA

You can also lend out CBADA or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your CBADA gains.

Send or pay with CBADA

If you want to pay someone with CBADA, you can easily and quickly send CBADA to them using their receiving address.

You can also visit the official website of Coinbase Wrapped ADA to learn more use cases of CBADA, such as whether the Coinbase Wrapped ADA project supports community/eco apps or buying physical or virtual goods with CBADA.