Coinbase officially launched CBDOGE and CBXRP, the versions wrapped in Dogecoin and XRP, on its Ethereum Layer 2 network, base. These are ERC-20 tokens supported 1: 1 by Real Doge and XRP held by Coinbase.
More than 2.3 million CBXRP ($ 5 million) and 10.4 million CBDOGE (1.9 million dollars) were issued in the first 24 hours of the launch, which shows high demand.
Coinbase also warned against crooks who could pretend to offer CBDOGE and CBXRP. To stay safe, users must only trust the official addresses of the basic contract. The wrapped tokens allow users to use parts like XRP and Dogecoin on different blockchains. Coinbase move provides these popular tokens at the base, giving users lower costs, better trading options and access to DEFI applications.
This movement stimulates the basic position as a higher L-2 network with lower costs and faster deffi access. Base is now the largest Ethereum Layer 2 network, obtaining more than $ 15 billion in assets. He treated more than 3.6 billions of dollars in stablecoin transactions in the first quarter of 2025, which shows a sharp increase in network activity.
Litecoin, Ada in works
Coinbase had previously revealed his introductory plans of wrapped tokens for XRP, Cardano, Dogecoin and Litecoin on the base. While CBXRP and CBDOGE are now live, CBLTC and CBADA are still in development. This follows the success of CBTC, which now has a market capitalization of $ 4.7 billion.
How to buy XRP wrapped?
The CBXRP can be purchased via decentralized exchanges (DEX) on the basic network. These Dex allow you to exchange other cryptocurrencies, such as ETH or USDC, for CBXRP. You will need a compatible crypto portfolio such as the Coinbase portfolio, and some ETH to cover the transaction costs.
Once configured, you can connect your wallet to a DEX that works on the basic network and perform the swap. Always be sure to interact with the right CBXRP contract address to avoid scams. Here is a step by step guide:
- Download a confidence web3 portfolio such as the Coinbase portfolio.
- Configure your wallet and keep your sentence and private seed sentence.
- Buy the basic token necessary for network transactions.
- Send the basic tokens to your web3 portfolio address.
- Connect your portfolio to DE.fi and exchange your basic tokens for wrapped XRP.
- Add the XRP token wrapped in your wallet using its contract address to display your balance.
- Secure your funds to keep them safe.
