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View ChartThis article covers Coinbase Wrapped ADA (CBADA), which is distinct from Wrapped Cardano (WADA), a separate asset launched in 2017, and from other Coinbase wrapped assets such as cbBTC and cbLTC.
Coinbase Wrapped ADA (CBADA) is a tokenized representation of Cardano's native ADA cryptocurrency, issued on Base, Coinbase's Ethereum layer-2 network, by the Coinbase exchange. A Solana SPL version is also bridged to Solana via Chainlink CCIP.
CBADA is an ERC-20 token issued on Base, Coinbase's Ethereum layer-2 network, and represents Cardano (ADA). A Solana SPL version is also bridged to Solana via Chainlink CCIP. It allows ADA holders to access the extensive ecosystem of Ethereum-based decentralized finance (DeFi) applications, smart contracts, and services. Each CBADA token is backed 1:1 by ADA held in reserve by Coinbase, ensuring its value is pegged to the underlying asset. The primary utility of CBADA is to bridge the Cardano and Ethereum ecosystems, unlocking liquidity and new use cases for ADA. CBADA trades on spot markets; check each venue for the pairs it lists.
Coinbase Wrapped ADA (CBADA) is an ERC-20 token that mirrors the value of Cardano's ADA, enabling it to function within the Ethereum ecosystem.
| Item | Details |
|---|---|
| Name (Ticker) | Coinbase Wrapped ADA (CBADA) |
| Alternative Names | Wrapped ADA (Coinbase) |
| Consensus Mechanism | None of its own; cbADA is an ERC-20 token on Base, so its security and finality derive from Base/Ethereum. |
| Smart Contracts | Yes (ERC-20 standard on Base; SPL on Solana) |
| Category | Wrapped Token, Bridge Asset |
| Hash Algorithm | Not applicable — no mining. |
| Block Reward | None; supply changes only through minting and burning against Coinbase's 1:1 ADA reserves. |
| Total Supply | 57.33M CBADA (verifiable via totalSupply on the Base contract) |
| Max Supply | Variable (pegged to the amount of ADA held in reserve) |
| TPS | Dependent on the Base network |
| Scaling Solution | Dependent on Base and Ethereum Layer 2 solutions |
| Blockchain | Base (ERC-20); Solana (SPL) |
| Base Contract Address | 0xcbada732173e39521cdbe8bf59a6dc85a9fc7b8c (viewable on BaseScan) |
| Solana SPL Mint Address | cbADAmv9issuPfhFwyQG3xac4DGPd1LDSt1oz7vwJsg |
| Launch | June 26, 2025 (on Base) |
Coinbase Wrapped ADA was created and is issued by Coinbase, one of the largest and most regulated cryptocurrency exchanges in the United States. The project falls under Coinbase's initiative to develop "wrapped" assets, which are tokenized versions of cryptocurrencies from other blockchains. Coinbase has previously issued wrapped versions of bitcoin (BTC), ether (ETH), XRP and dogecoin (DOGE) on Base. The creation of CBADA is a custodial service offered by Coinbase. When a user withdraws ADA held in their Coinbase account to the Base network, an equivalent amount of cbADA is minted and sent to the destination wallet. This process is managed entirely by Coinbase, which holds the original ADA in reserve to back every CBADA token in circulation.
CBADA operates through a straightforward custodial wrapping process managed by Coinbase. A Solana SPL version of cbADA is bridged to Solana via Chainlink CCIP, with mint address cbADAmv9issuPfhFwyQG3xac4DGPd1LDSt1oz7vwJsg.
Holding cbADA carries risks: its value tracks ADA and can fall sharply, redemption depends on Coinbase as custodian, and smart-contract or bridge risks apply on Base and Solana.
CBADA's primary value proposition lies in its role as a bridge between two major blockchain ecosystems, Cardano and Ethereum. Its uniqueness stems from the issuer's reputation and the specific utility it unlocks.
CBADA is primarily used as a utility token to enable ADA's functionality on the Ethereum network. Its use cases are centred around interoperability and accessing a broader financial ecosystem.
CBADA can be acquired on Coinbase (the issuer and custodian), and is also listed on Binance, Bybit, Crypto.com and OpenSea; on Solana it can be swapped via Solana Compass.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for CBADA are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Coinbase Wrapped ADA (CBADA) is C$0.298317. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated CBADA to USD rate at the top of BTCC’s price page. In terms of market scope, Coinbase Wrapped ADA records a 24h trading volume of C$112.621293K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$17.840767M. Its current circulating supply stands at 60.04M out of a maximum supply cap of ∞.
The price volatility of Coinbase Wrapped ADA (CBADA) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (60.04M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Coinbase Wrapped ADA (CBADA) hit an all-time high (ATH) of C$9.271443 on 2025-06-26 00:05, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.195326 on 2026-06-26 03:10. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading CBADA futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$112.621293K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s CBADAUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Coinbase Wrapped ADA, simply log into your BTCC account with USDT margin available, navigate to the CBADAUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for CBADAUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.298317), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for CBADAUSDT with zero financial risk.
Trading Coinbase Wrapped ADA (CBADA) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for CBADAUSDT, and review its live price (C$0.298317) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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