Coinbase will soon launch 4 defi tokens including CBLTC

Coinbase will soon launch 4 defi tokens including CBLTC



ywAAAAAAQABAAACAUwAOw== Coinbase will soon launch 4 defi tokens including CBLTC

One of the world’s leading Crypto Alternate Platform is now going to strengthen its Defi Ecosystem and under this process, 4 new wrapped tokens will be launched soon. This four tokens are as follows –

  • CBLTC (LiteCoin)

  • CBADA (Cardano)

  • CBDOGE (DOGECOIN)

  • CBXRP (XRP)

Value will be similar to real coin

According to the information received, these four tokens of Coinbase will be deputed on Bottom Blockchain and all these will be 1: 1 sponsored, that is, their value will be similar to the real coin (eg litecoin). Let me tell you that wrapped tokens are virtual tokens who are any other Cryptocurrency They show the value of the values ​​and their real purpose is to use them on other blockchain networks (eg Bottom, Etreum etc.).

You can understand it as an example, such as CBLTC is a wrapped litecoin, it means that Crypto Person can trade with the value of LiteCoin in the Person Defi apps, but it can only be used on Bottom Community.

Investors should be alerted with pretended tokens

Along with this announcement of Coinbase, this warning has been issued that investors should also be alert from some pretended tokens, as some fake tokens in Crypto Marketplace are also laying their nets and limeing investors. According to Coinbase, these wrapped tokens can be taken from the official contract address –

  • CBADA: 0xcbada732173e3e39521cdbe8bf59a6dc85a9fc7b8c

  • CBDOGE: 0xcbD06E5A2B0C65597161de254AA074E489dEb510

  • CBLTC: 0xcb17c9DB87b595717c857a08468793f5b64445f

What will change in defi with these tokens

Actually the main objective of coinbase behind bringing these 4 wrapped tokens is to add popular cryptocurrency to the Defi system in an easy way. In such a situation, after the launch of these four tokens, there may be transaction in low fees. Apart from this, new options to earn yields can also be found with better liquidity and automated trading can also be done through subtle words.

Significantly, the Coinbase platform is constantly expanding itself, including return to India, launch of new features, etc. Meanwhile acquiring a new milestone The first crypto firm to join Coinbase S&P-500 Has been made

Coinbase has announced two projects before

  • Coinbase launched the new Bitcoin Giveover Charity from 1 May 2025, which will be available for institutional boys outside the US. This fund aims to give returns of 4 to 8 per cent annually. In this, investors can earn through buying and selling and lending without selling their bitcoin. According to the information received, this fund will be based on Foundation Buying and Selling. For its security, 3rd-birthday party custody has been arranged and Per 30 Days Subscription has been provided.

  • Apart from this, recently Coinbase has started trading 24/7 Bitcoin and Etreum futures in the US, so that traders can trade anytime. It strengthens coinbase’s leadership in crypto derivatives with the acquisition of CFTC regulated platforms deribit and plan of perpetual futures.

Conclusion

The arrival of wrapped tokens like CBLTC, CBDA, CBDOGE and CBXRP from Coinbase will improve liquidity, while on the other hand users will get the benefit of transactions at low fees. But investors will also have to be cautious with some fake tokens. In such a situation, a token should be taken from the official committee with.


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