Coinbase Picks Chainlink for $7 Billion Crypto Bridging Project

Cryptocurrency exchange Coinbase has launched a partnership with platform Chainlink.

This collaboration will see Coinbase use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for all Coinbase Wrapped Assets, allowing cross-chain transfers and expansion, the companies said in a news release Thursday (Dec. 11).

Those assets, which include cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, have an aggregate market cap of around $7 billion, according to the release.

“Chainlink operates battle-tested infrastructure and has a track record of securing tens of billions of dollars,” the companies said.

“Chainlink CCIP leverages the same decentralized oracle networks that secure over 70% of…

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