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Coinbase's Wrapped Bitcoin Hits Robinhood Chain Via CCIP 2026

Guavy AI Editorial Team
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Coinbase's wrapped Bitcoin asset, cbBTC, has made its debut on Robinhood Chain via the Cross-Chain Interoperability Protocol (CCIP) 2026. This marks a significant expansion of Coinbase's multichain footprint and is part of its strategy to go beyond Base and Ethereum distribution.

The CCIP, provided by Chainlink, offers audited protection, programmable token transfers, and defense-in-depth, which are essential features given the recent bridge attacks that have resulted in cumulative losses of over $2.5 billion.

cbBTC has seen a surge since its launch in September 2024 and has even crossed the $1.5 billion market cap level on CoinMarketCap, making it a threat to BitGo's WBTC and threshold's tBTC.

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