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- Coinbase holds over 9.5M cbADA, confirming 1:1 backing.
- cbADA growth enables Cardano holders to access top DeFi platforms.
- Rising institutional interest could push ADA prices toward $10.
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Cardano holders are buzzing after Coinbase republished its proof of reserve for wrapped ADA tokens (cbADA), signaling growing institutional confidence in the altcoin. The latest data shows a dramatic uptick in the supply and backing of cbADA, fueling optimism across the Cardano ecosystem.
BREAKING NEWS:
— Mintern (@MinswapIntern) October 1, 2025
COINBASE DOUBLES DOWN ON CARDANO 😱😱😱@coinbase has republished proof of reserves for cbADA, its wrapped $ADA on Base.
Holdings have soared past 9.5 million $ADA, more than doubling in just one month.
Is institutional confidence in Cardano about to explode?… pic.twitter.com/BapFLYawXt
cbADA Proof of Reserve Highlights Rapid Growth
Coinbase currently holds 9,563,462 ADA, valued at around $8.2 million, while the total supply of cbADA tokens stands at 9,530,418. This confirms Coinbase’s 1:1 backing policy and ensures transparency for investors. Since its launch in June with just 1.7 million cbADA, the reserve has grown by an astonishing 462% over four months, including a 100% jump in the past month alone.
This rapid expansion demonstrates not only growing user adoption but also increasing trust in Cardano’s wrapped token ecosystem.
Wrapped ADA Expands DeFi Access
Wrapped Cardano (cbADA), compatible with both Base and Ethereum’s ERC-20 standards, enables ADA holders to tap into decentralized finance platforms like Aave, Uniswap, and Compound. Coinbase’s initiative aligns with its broader mission to provide seamless DeFi access for non-native tokens, bridging Cardano with Ethereum-based protocols.
This integration is a game-changer for ADA holders, opening up yield farming, lending, and liquidity opportunities previously unavailable on Cardano’s native network.
Institutional Confidence and Future Price Potential
Experts and crypto enthusiasts alike see Coinbase’s growing cbADA reserves as a sign of rising institutional interest in Cardano. With regulatory filings hinting at potential ADA ETFs and Grayscale exploring alternative exposure for ADA on the NYSE, mainstream adoption appears closer than ever.
Also Read: Why Cardano’s Integration With NEAR Could Be a Game-Changer for ADA Holders
Cardano’s inclusion in the U.S. government’s crypto stockpile further enhances its credibility, alongside top assets like Ethereum, XRP, and Solana. Analysts predict that this institutional traction could push ADA toward $10, driven by increased liquidity and ETF-related market activity.
Coinbase’s cbADA reserve growth underscores the expanding adoption and trust in Cardano, both within retail and institutional circles. As ADA strengthens its DeFi presence and attracts mainstream attention, bullish sentiment is likely to continue, positioning Cardano as a serious contender in the altcoin space.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
