#2 DeFi / Smart Contract

cbBTC

BTC Holdings

87,668

BTC NAV
$6.7B
Holdings BTC vs USD value
₿87,668
$6.7B USD value · as of May 19, 2026
BTC Holdings (left)
USD Value (right)
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Historical Holdings

About cbBTC

cbBTC is wrapped bitcoin custodied at Coinbase that is compatible on Base, Solana, and Ethereum.

Coinbase customers in select geos can use the send & receive feature to seamlessly move their BTC on and offchain. When users send their BTC from Coinbase to Base, Solana, or Ethereum, it will automatically be converted 1:1 to cbBTC. When users receive cbBTC in their Coinbase accounts, it will be converted 1:1 from cbBTC to BTC. Notably, cbBTC will not have a separate order book or trading pair on Coinbase.

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