Coinbase Selects Chainlink CCIP as the Exclusive Bridge Infrastructure To Supercharge Coinbase Wrapped Asset Growth

Rhea-AI Summary

Coinbase (NASDAQ:COIN) selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridge infrastructure for Coinbase Wrapped Assets on Dec 11, 2025.

The move covers wrapped tokens including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, which have an aggregate market cap of approximately $7B. Chainlink CCIP is described as leveraging decentralized oracle networks that secure over 70% of DeFi and has enabled more than $27 trillion in transaction volume. Coinbase said CCIP will enable cross-chain transfers and expansion of wrapped asset availability across ecosystems.

Positive

• Exclusive selection of Chainlink CCIP as Coinbase's bridging provider
• Coinbase Wrapped Assets aggregate market cap of approximately $7B
• Chainlink CCIP leverages networks securing >70% of DeFi
• CCIP reported to have enabled more than $27 trillion in transaction volume

Negative

• None.

Key Figures

Wrapped assets market cap $7B Aggregate market cap of Coinbase Wrapped Assets

DeFi secured share over 70% Share of DeFi secured by Chainlink oracle networks

Transaction volume secured $27 trillion Transaction volume enabled by Chainlink CCIP infrastructure

Market Reality Check

$275.09 Last Close

Volume Pre-news volume 6630865 vs 20-day avg 10000787 (volume_relative 0.66). low

Technical Price 275.09 trading below 200-day MA 282.74, pre-existing mild technical pressure.

Peers on Argus

Peers show mixed moves: CME -1.08%, MCO -1.18% vs ICE +1.62%, NDAQ +1.14%, MSCI +0.36%, indicating stock-specific rather than broad sector momentum for COIN around this crypto-focused announcement.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Bank crypto rollout	Positive	+1.1%	PNC launches bitcoin trading for private bank clients using Coinbase CaaS.
Dec 03	Investor conference	Neutral	-0.6%	CFO participation in Nasdaq London Investor Conference fireside chat.
Dec 03	Crypto literacy push	Positive	+5.2%	Partnership to deliver free crypto literacy resources to underserved communities.
Dec 02	Conference appearance	Neutral	+1.3%	CFO scheduled for Goldman Sachs 2025 Financial Services Conference.
Oct 30	Q3 2025 results	Neutral	-5.8%	Release of Q3 2025 shareholder letter and related financial results.

Pattern Detected

Crypto- and partnership-related news has often coincided with positive single-day moves, while broader corporate or disclosure items have seen more mixed reactions.

Recent Company History

Over the last six weeks, Coinbase has released several crypto-tagged updates, including the Dec 9, 2025 PNC Crypto-as-a-Service launch, multiple investor conference appearances, and its Q3 2025 shareholder letter on Oct 30, 2025. Crypto literacy and banking-partner news saw positive reactions up to +5.19%, while the earnings-related letter coincided with a -5.77% move. Today’s Chainlink CCIP bridge news fits the pattern of strategic crypto infrastructure partnerships.

Market Pulse Summary

This announcement highlighted Coinbase’s selection of Chainlink’s CCIP as exclusive bridge infrastructure for Coinbase Wrapped Assets, which currently total an aggregate market cap of $7B. It builds on earlier crypto initiatives, from banking partnerships to literacy programs, and underscores a focus on secure cross-chain connectivity. Investors may watch for growth in wrapped-asset adoption, any follow-on integrations across new blockchains, and updates in future shareholder communications.

Key Terms

chainlink ccip technical

"Coinbase Selects Chainlink CCIP as the Exclusive Bridge Infrastructure"

Chainlink CCIP (Cross-Chain Interoperability Protocol) is a technology that allows different blockchain networks to communicate and share information seamlessly. It acts like a universal translator, enabling assets and data to move securely across various digital ledgers. For investors, this enhances the potential for more connected and efficient blockchain applications, increasing the overall usefulness and value of the technology.

defi technical

"oracle networks that secure over 70% of DeFi globally and has"

DeFi, short for decentralized finance, is a system of financial services built on blockchain technology that operates without traditional banks or intermediaries. It allows people to borrow, lend, trade, and earn interest directly with each other through digital platforms, much like using a peer-to-peer marketplace. For investors, DeFi offers the potential for greater access, transparency, and control over their financial activities.

onchain technical

"look forward to helping bring global finance onchain."— William"

"Onchain" describes activities, transactions, or data that happen directly on a blockchain, which is a digital ledger that records information transparently and securely. For investors, onchain activities provide real-time insights into how assets are moving and how networks are functioning, helping them make more informed decisions. Think of it as watching transactions happen live on a public record, similar to seeing a receipt posted online immediately after a purchase.

AI-generated analysis. Not financial advice.

Chainlink CCIP to provide exclusive bridge infrastructure, expanding Coinbase Wrapped Assets to new blockchains

SAN FRANCISCO, Dec. 11, 2025 /PRNewswire/ -- Coinbase, the leading publicly-listed firm for digital assets, and Chainlink, the industry-standard oracle platform, today announced the selection of Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for all Coinbase Wrapped Assets, enabling cross-chain transfers and expansion.

Coinbase Wrapped Assets, which include cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, currently have an aggregate market cap of approximately $7B.

Chainlink operates battle-tested infrastructure and has a track record of securing tens of billions of dollars. Chainlink CCIP leverages the same decentralized oracle networks that secure over 70% of DeFi globally and has enabled more than $27 trillion in transaction volume.

Chainlink CCIP provides an established foundation for bridging Coinbase Wrapped Assets across ecosystems. With Chainlink CCIP as exclusive bridging provider, Coinbase Wrapped Assets are positioned to significantly expand across ecosystems.

"We chose Chainlink because they are an industry leader for cross-chain connectivity. Their infrastructure provides a reliable means to expand Coinbase Wrapped Asset offerings."— Josh Leavitt, Senior Director, Product Management at Coinbase.

"CCIP was selected by Coinbase for their cross-chain needs due to CCIP's security and reliability. As the leading publicly-listed firm for digital assets, Coinbase takes security and reliability for their products seriously. I am excited about accelerating the growth of Coinbase's wrapped assets and look forward to helping bring global finance onchain."—  William Reilly, Head of Strategic Initiatives at Chainlink.

This news follows Base's announcement last week that the Base-Solana Bridge is now live and secured by Chainlink CCIP alongside Coinbase.

About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.

Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.

About Coinbase
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. Coinbase is updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. Coinbase also provides critical infrastructure for onchain activity and supports builders who share their vision that onchain is the new online. And together with the crypto community, Coinbase advocates for responsible rules to make the benefits of crypto available around the world.

Disclaimer: Information is provided for informational purposes only and should not be construed as investment, financial or trading advice. This is not an endorsement or recommendation to buy or sell a particular digital asset or to employ a particular strategy.

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SOURCE Chainlink; Coinbase

FAQ

What did Coinbase announce on Dec 11, 2025 about COIN wrapped assets?

Coinbase announced it selected Chainlink CCIP as the exclusive bridge for Coinbase Wrapped Assets to enable cross-chain transfers.

Which wrapped tokens are covered by Coinbase's CCIP agreement for COIN?

The announcement lists cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP as covered Coinbase Wrapped Assets.

How large are Coinbase Wrapped Assets under the CCIP partnership (COIN)?

The aggregate market cap of Coinbase Wrapped Assets is reported as approximately $7B.

What security metrics did the announcement cite for Chainlink CCIP relevant to COIN?

The release cites CCIP using decentralized oracle networks that secure over 70% of DeFi and notes > $27 trillion in transaction volume enabled.

Will the Chainlink CCIP integration expand Coinbase Wrapped Assets across blockchains for COIN?

Yes. Coinbase said CCIP provides an established foundation to enable expansion of wrapped assets across ecosystems.

Does the announcement name an effective date for COIN's CCIP exclusivity?

The announcement was dated Dec 11, 2025; it states CCIP was selected as the exclusive bridging provider without a separate future effective date.