Wrapped Staked ETH (cbETH) is a utility token that symbolizes ETH staked through Coinbase. Users can wrap their locked staked ETH to receive cbETH, a token that can be transferred, moved on-chain, and utilized in DeFi and other decentralized applications. cbETH is recognized as a liquid staking token as it enables holders to participate in staking without the constraints of lockups or unbonding periods.

Wrapped Staked ETH (cbETH) is a unique form of Ethereum (ETH) that represents staked ETH in a tradable format. Unlike natively-staked ETH, cbETH provides users with the flexibility to sell, transfer, or use it in various ways. It can be moved to a personal wallet and traded outside the platform it was created on. The number of cbETH units you receive upon wrapping is based on the ETH to cbETH conversion rate.  cbETH represents 1 staked ETH plus all of its accrued staking interest starting from when cbETH's conversion rate and balance were initialized (June 16, 2022 19:34 UTC). However, the market prices of cbETH and staked ETH can deviate as they are traded across various platforms.

Wrapped Staked ETH, also known as cbETH, is a liquid representation of a user's staked ETH. It operates on the cToken Model, meaning tokens may be both minted and burned according to a conversion rate, which represents accrued staking interest since cbETH's conversion rate and balance were initialized (June 16, 2022 19:34 UTC). There is no fixed interchangeability between ETH and cbETH at a 1:1 ratio. As staked ETH accumulates non-monetary rewards over time, the value represented by each cbETH token may increase. cbETH provides different ways for users to engage with their tokens. It's important to note that the prices of these assets are subject to market dynamics.

We update our Coinbase Wrapped Staked ETH to USD currency in real-time. Get the live price of Coinbase Wrapped Staked ETH on Coinbase.

The current market cap of Coinbase Wrapped Staked ETH is $218.02M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Coinbase Wrapped Staked ETH is $4,447.57. This all-time high is highest price paid for Coinbase Wrapped Staked ETH since it was launched.

Over the last 24 hours, the trading volume of Coinbase Wrapped Staked ETH is $2.51M.

Assets that have a similar market cap to Coinbase Wrapped Staked ETH include BENQI Liquid Staked AVAX, Stader ETHx, Wrapped Solana, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Coinbase Wrapped Staked ETH is 124 thousand.

Coinbase Wrapped Staked ETH ranks 147 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 91% of Coinbase users are buying Coinbase Wrapped Staked ETH. In other words, 91% of Coinbase customers have increased their net position in Coinbase Wrapped Staked ETH over the past 24 hours through trading.

Yes, Coinbase Wrapped Staked ETH is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Coinbase Wrapped Staked ETH guide.