Coinbase Wrapped Staked ETH

Built on the Ethereum blockchain, Coinbase Wrapped Staked ETH (CBETH) is a utility token that represents staked ETH through Coinbase. It operates as a liquid staking token, allowing holders to participate in staking without lockups or unbonding periods. This unique feature enables users to get the benefits of staking while maintaining liquidity.

The technology behind CBETH is based on the cToken Model, which allows tokens to be minted and burned according to a conversion rate representing accrued staking interest since its initialization on June 16, 2022. This model provides different ways for users to engage with their tokens, as the value represented by each CBETH token may increase over time due to non-monetary rewards accumulated through staking.

CBETH has various use cases and utility, primarily serving as a tradable representation of staked ETH. It can be transferred, moved on-chain, and utilized in DeFi and other decentralized applications. The token's value is tied to the performance of Ethereum, making it an attractive option for investors seeking exposure to the Ethereum ecosystem.

The current market capitalization of CBETH is €226.87M, with a circulating supply of 126 thousand tokens. Its price has fluctuated over time, reaching an all-time high of €4,610.05 on August 24, 2025. The token's trading volume has been significant, with €3.471M traded in the last 24 hours.

CBETH is available for purchase on Coinbase's centralized exchange, and its adoption has been steadily increasing. With a strong focus on providing liquidity to staked ETH holders, CBETH has established itself as a prominent player in the Ethereum ecosystem.