Coinbase taps Chainlink CCIP as exclusive bridge partner to foster wrapped asset growth
Coinbase selected Chainlink's CCIP as the exclusive cross-chain bridge to enhance the transfer capabilities of its $7 billion wrapped asset portfolio.Summary
Coinbase has designated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging partner to support the expansion of its wrapped digital assets, which total $7 billion. CCIP provides secure, multi-chain communication and token transfer capabilities, leveraging Chainlink's decentralized oracle infrastructure for reliability. According to Josh Leavitt of Coinbase, the selection was based on Chainlink's industry-leading cross-chain capabilities. William Reilly of Chainlink noted that Coinbase prioritizes security and reliability, which CCIP offers. This partnership will enhance the transfer capabilities for Coinbase Wrapped Assets like cbBTC and cbETH, aligning with Chainlink's growing adoption across various blockchain ecosystems.
(Source：Crypto Briefing)