The current cbETH to ETH conversion rate is 1.07. Inversely, this means that if you convert 1 ETH you will get 0.94 cbETH.
The conversion rate of cbETH/ETH has decreased by 0.14% in the last hour and shrunk by 0.22% in the last 24 hours.
About Coinbase Wrapped Staked ETH (cbETH)
Coinbase Wrapped Staked ETH (“cbETH”) is a utility token that represents ETH staked through Coinbase. Coinbase customers can wrap their locked staked ETH to receive cbETH, which is an asset that can be traded, moved on-chain, and used in DeFi and other dapps.
cbETH is known as a liquid staking token because it allows holders to get the benefits of staking without lockups or unbonding periods.
About Ethereum (ETH)
Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.
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