Coinbase cbETH
Is Coinbase cbETH safe? It scores B on our five safety checks, passing 4 of 5 — Regulation, Proof-of-Reserves, Flexible withdrawal, Track record (2+ years incident-free); not passed: Insurance Fund. Every check below cites the evidence behind it and links its source. See how it ranks against the other 41 venues we grade →
Why this grade
- ✓
Regulation
Issued by Coinbase — a US-regulated, NYDFS-chartered, NASDAQ-listed company. A meaningful trust upgrade over a pure-DeFi protocol with no regulator. Source →
- ✓
Proof-of-Reserves
cbETH is an on-chain ERC-20 with a publicly published exchange rate, and Coinbase runs a reserves/attestation programme — though a formal cbETH-specific PoR feed is limited. Source →
- ✓
Flexible withdrawal
Redeemable for ETH (standard Beacon-chain exit queue, ~days) and tradeable on-chain with decent DEX liquidity. Source →
- ✗
Insurance Fund
No dedicated slashing-insurance fund. Coinbase carries a commercial crime policy for hot-wallet theft but explicitly disclaims reimbursement for slashing. Source →
- ✓
Track record (2+ years incident-free)
No hack or exploit. A persistent slight discount vs ETH (less liquid than stETH) and a minor external oracle incident, but no depeg event. Source →
Incidents we count
Known incidents
No known incidents in the past 2 years
All Coinbase cbETH products
Yield products
as of Sep 26, 2026| Product | Rate | Type | Lock | |
|---|---|---|---|---|
| ETH | 2.4 % | liquid staking | — | Open Coinbase cbETH → |
What would Coinbase cbETH pay you?
How much will you earn?
Method: monthly compounding (1 + APR/12)ⁿ, where APR is the exchange's stated rate. The realized 12-month return is slightly higher due to reinvestment. Rates may change. Not financial advice.
How yields have moved
Source: daily snapshots via exchange API · accumulating since YieldScope launch
This is not an affiliate link. Price for you doesn't change.
Compare Coinbase cbETH with others
Asset-by-asset rates and risk grades
Frequently asked questions
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Do you work at Coinbase cbETH? The grade above is ours and is not for sale, but the right of reply is. Buy a page and write your own side →