Long-Awaited Cardano (ADA) and Litecoin (LTC) Announcement from Coinbase!

Coinbase, the leading cryptocurrency exchange in the United States, recently made a noteworthy announcement regarding Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP).

The exchange revealed its plans to introduce cbADA, cbDOGE, cbLTC, and cbXRP – bridged versions of these cryptocurrencies on the Base network.

Following the initial launch of cbDOGE and cbXRP, Coinbase has now announced the implementation of this initiative for ADA and LTC.

Specifically, Coinbase has launched two new wrapped tokens, cbADA and cbLTC, on the Layer 2 Ethereum network, Base.

These tokens are backed 1:1 by ADA and LTC, respectively, with the underlying assets held in Coinbase's custody. The exchange stated that the purpose of these new tokens is to facilitate the cross-chain utilization of Cardano and Litecoin within the Base network's DeFi ecosystem.

These tokens empower users to engage in trading, lending, and liquidity provision on DeFi platforms that do not natively support Cardano and Litecoin.

Coinbase previously announced the upcoming launch of cbXRP and cbDOGE in early June.

cbADA and cbLTC are now live on @base. cbADA and cbLTC are ERC-20 tokens backed 1:1 by ADA and LTC held in custody by Coinbase.
Here’s what you need to know ↓ pic.twitter.com/iEUMPOrZYi
— Coinbase Assets (@CoinbaseAssets) June 25, 2025

*This is not investment advice.
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