Coinbase adds cbHYPE and cbZEC to Base in push to widen onchain assets
AI Market Summary
Coinbase added cbHYPE and cbZEC to its Layer-2 Base network, expanding onchain access to Hyperliquid's HYPE and Zcash via bridged representations. The listings can improve liquidity and usability for these assets within Base DeFi, lowering friction versus manual bridging and potentially increasing activity around derivatives- and privacy-focused tokens. This also reinforces Base's role as a high-transaction-volume EVM L2 and Coinbase's multichain interoperability strategy.
Impact level
● Medium
Affected assets
ZEC/USDT-6.70%
AI Insight · ZEC/USDTAI Insight
▲ Bullish
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Coinbase said it has added two assets to its Layer-2 network Base: cbHYPE and cbZEC. cbZEC is a bridged version of privacy coin Zcash (ZEC), which has been a long-running token in crypto markets since 2016. The listings are intended to bridge HYPE and ZEC liquidity into the Base ecosystem and support multichain interoperability, letting users trade and use HYPE directly on Base. Base, launched in 2023, has grown into one of the most active Layer-2 networks by transaction volume as Coinbase works to broaden the network’s asset lineup.
