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Coinbase Wrapped Staked ETH logo

Coinbase Wrapped Staked ETH Price (cbETH)

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

Wrapped tokens

Wrapped crypto-assets (e.g. cbETH, ) (often referred to as ‘wrapped tokens’) are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.

Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.

Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.

Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.

Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.

Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.

Market stats

Coinbase Wrapped Staked ETH is on the decline this week. ↘

The price of Coinbase Wrapped Staked ETH has decreased by 0.48% in the last hour and decreased by 2.07% in the past 24 hours. Coinbase Wrapped Staked ETH’s price has also fallen by 15.25% in the past week. The current price is £2,853.86 per cbETH with a 24-hour trading volume of £2.62M. Currently, Coinbase Wrapped Staked ETH is valued at 19.35% below its all time high of £3,538.72. This all-time high was the highest price paid for Coinbase Wrapped Staked ETH since its launch.

The current circulating supply of Coinbase Wrapped Staked ETH is 163,651.457 cbETH which means that Coinbase Wrapped Staked ETH has as total market cap of 163,651.457.

Overall

Market cap

£467.5M

Volume (24h)

£2.6M

Circulating

163.7K cbETH

Hold time

1 day

Popularity

#10281

All time high

£3,538.72

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Price change

1 hour

↘ 0.48%

1 day

↘ 2.07%

1 week

↘ 15.25%

2 weeks

↘ 15.76%

1 month

↗ 0.17%

1 year

↗ 47.25%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

About Coinbase Wrapped Staked ETH

Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents ETH staked through Coinbase. Coinbase customers can wrap their locked staked ETH to receive cbETH, which is an asset that can be traded, moved on-chain, and used in DeFi and other dapps. cbETH is known as a liquid staking token because it allows holders to get the benefits of staking without lockups or unbonding periods.

FAQ

Coinbase Wrapped Staked ETH Price History

Date
Price
Change
Today (December 22, 2024)
£2,853.86
-2.15%
24 hours ago (December 21, 2024)
£2,914.76
-2.07%
1 week ago (December 15, 2024)
£3,358.21
-15.25%
1 month ago (November 22, 2024)
£2,849.60
0.17%
1 year ago
£1,931.16
47.25%

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Social

Some highlights about Coinbase Wrapped Staked ETH on social media

41 unique individuals are talking about Coinbase Wrapped Staked ETH and it is ranked #1,734 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Coinbase Wrapped Staked ETH has an average sentiment score of 3 out of 5. Finally, Coinbase Wrapped Staked ETH is becoming more newsworthy, with 0 news articles published about Coinbase Wrapped Staked ETH. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Coinbase Wrapped Staked ETH. There were 50% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Coinbase Wrapped Staked ETH. 50% of tweets were neutral about Coinbase Wrapped Staked ETH. These sentiments are based on 4 tweets.

On Reddit, Coinbase Wrapped Staked ETH was mentioned in 0 Reddit posts and there were 0 comments about Coinbase Wrapped Staked ETH. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

41 people

Posts

2 posts

Dominance

0%

Volume rank

#1,734

Average Sentiment

3 out of 5

Twitter

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024