Market cap
$384.21M
-0.14 %
Volume (24h)
$224.64K
-0.14 %
Circulating supply
125,592 CBETH
Total supply
393,750 CBETH
Max. supply
1,455,079 CBETH
Coinbase Wrapped Staked ETH (CBETH)
$ 2,857.51
-0.14 %
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Key data
updated $0Market cap$384.21M
Volume 24h$224.64K
Circulating supply125.59K9% of max 1.46M
All-time high$5,439.1-47% from peak · 2025-08-24
Coinbase Wrapped Staked ETH (ticker: CBETH) is a liquid staking token from Coinbase — think of it as a tradable receipt for your staked Ethereum plus the rewards it's earning. When you stake ETH through Coinbase, you can wrap it into CBETH, an ERC-20 token that stays liquid: you can sell it, send it, or use it in DeFi while the underlying ETH keeps staking away.
Frequently asked questions
What is CBETH and how is it different from regular ETH?
CBETH is a wrapped version of ETH you've staked through Coinbase. Unlike plain ETH, it's a liquid ERC-20 token you can sell, send, or deploy in DeFi while your original ETH stays locked and keeps earning staking rewards. Its exchange rate to ETH isn't fixed at 1:1 — it slowly climbs as rewards accumulate.
How does CBETH work under the hood?
CBETH is a standard ERC-20 token on Ethereum, with Coinbase acting as the issuer and custodian. The ETH behind it is staked through Coinbase's validators on Ethereum's proof-of-stake network, and Coinbase manages minting, burning, and the exchange-rate feed that reflects accrued rewards. In essence, each token is a claim on staked ETH plus everything it has earned.
How is CBETH issued?
There's no mining or independent emission — new CBETH is minted only when someone wraps their staked ETH on Coinbase, and burned when it's unwrapped. Total supply simply mirrors the amount of ETH staked in Coinbase's program, while each token's value in ETH gradually grows as staking rewards accrue.
How do I store and use CBETH?
Since it's an ERC-20 token, any Ethereum-compatible wallet works — MetaMask, Rabby, or a hardware wallet like Ledger. You can trade it on exchanges, lend it out, or put it to work in DeFi protocols. When you want your ETH back, you unwrap the token through Coinbase, keeping in mind that unstaking can take some time.