Recently, coinbase launched the new assets that can be consists of Ether tokens and would be staked and wrapped by the crypto exchange
On Aug 24, Coinbase announced their new listing called a coinbase wrapped staked ETH (cbETH) on the Ethereum network as an ERC-20 token it allows the customers to use their staked Ether and also earn rewards on the exchange. Users can also withdraw the tokens. With a new wrapped staked token balance and it is visible on their accounts. It can be expected to be available for trading on 25th Aug. Coinbase also plans to contribute to the broader crypto ecosystem through high utility-wrapped tokens.
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