Coinbase’s cbBTC Bridges $5B Bitcoin Liquidity to Monad via Chainlink CCIP
In a landmark development for decentralized finance, Chainlink's Cross-Chain Interoperability Protocol (CCIP) has successfully facilitated the transfer of Coinbase's Wrapped Bitcoin token, cbBTC, from the Base blockchain to the emerging high-performance Monad network. This historic bridge, executed on March 2nd, 2026, unlocks over $5 billion in Bitcoin-backed liquidity, marking the first major Bitcoin integration into Monad's ecosystem. The move is poised to significantly enhance Monad's nascent DeFi landscape by injecting substantial, institutionally-backed Bitcoin liquidity. Major DeFi protocols on Monad, including Curvance and Neverland, are already preparing to launch markets and yield opportunities around cbBTC, signaling strong immediate demand. This integration leverages Chainlink's secure oracle infrastructure to enable trust-minimized cross-chain transfers, a critical step in solving blockchain interoperability. For Coinbase, this expands the utility and reach of its cbBTC product beyond the Ethereum L2 ecosystem, tapping into Monad's 10,000 transactions per second (TPS) throughput for faster and cheaper Bitcoin-denominated transactions. The event underscores the growing trend of Bitcoin's integration into scalable smart contract platforms, moving beyond its traditional store-of-value role to become a productive, yield-generating asset across multiple chains. This $5 billion liquidity bridge represents a major vote of confidence in Monad's technical architecture and its potential to become a significant hub for high-speed DeFi activity. The successful execution also highlights the maturation of cross-chain technology, with Chainlink's CCIP providing the critical security and reliability required for moving such high-value assets. Looking ahead, this integration sets a precedent for further Bitcoin liquidity migrations to scalable Layer 1 and Layer 2 networks, potentially reshaping the liquidity landscape of the entire DeFi sector. For investors and users, it creates new avenues to leverage Bitcoin's value in high-throughput decentralized applications, merging the security of Bitcoin with the programmability and speed of next-generation blockchains.
Chainlink's CCIP Protocol Bridges $5B in Bitcoin Liquidity to Monad Blockchain
Chainlink's Cross-Chain Interoperability Protocol (CCIP) has executed a landmark transfer of Coinbase's cbBTC from Base to Monad, unlocking over $5 billion in Bitcoin-backed liquidity for Monad's high-speed DeFi ecosystem. The March 2nd integration marks the first major bitcoin bridge to Monad's 10,000 TPS network, with DeFi platforms Curvance and Neverland already preparing cbBTC markets.
The technical achievement demonstrates Chainlink's growing dominance in cross-chain infrastructure, with CCIP having already facilitated $28 trillion in on-chain value transfers. cbBTC—Coinbase's fully-backed Bitcoin wrapper launched in 2024—now circulates across six major networks including Ethereum, Solana, and now Monad.
Market analysts note the timing coincides with Monad's push to position itself as a liquidity hub for institutional-grade DeFi. 'This isn't just about bridging assets—it's about bridging ecosystems,' remarked a chainlink engineer during the announcement. The move effectively brings Bitcoin's deep liquidity pools into Monad's sub-second finality environment.
Coinbase To Suspend 25 Perpetual Contracts In Futures Cleanup
Coinbase Advanced and Coinbase International Exchange will halt trading for 25 perpetual contract markets on March 16, including MET-PERP, REZ-PERP, SUSHI-PERP, GMX-PERP, GRT-PERP, and ARKM-PERP. Open positions will be automatically settled at the time of suspension using a 60-minute average index price, with the final funding rate set to zero.
The MOVE reflects an ongoing effort to streamline offerings and reduce market fragmentation. Traders are advised to close or adjust positions before the 13:00 UTC deadline to avoid automatic settlement at potentially unfavorable prices.
This consolidation comes as exchanges globally reassess product lines amid shifting regulatory landscapes and liquidity patterns. Coinbase's decision mirrors similar actions by competitors optimizing their derivatives portfolios.
