Coinbase Launches Wrapped XRP and Dogecoin on Base Platform: What You Need to Know

Major crypto exchange Coinbase has announced the launch of wrapped versions of Dogecoin and XRP, cbDOGE and cbXRP, on its Base platform. These tokens offer direct access to the assets without needing to hold the original coins. This follows a previous announcement from Coinbase introducing wrapped versions of Cardano, Litecoin, and XRP (cbADA, cbLTC, cbXRP and cbDOGE respectively). 1:1 representation of DOGE and XRP are held by Coinbase in custody with joint Bitcoin and Ethereum assets already launched. This introduces new opportunities for users to participate in DeFi and other functionalities using these wrapped versions.