In eligible regions, certain supported staked digital assets on Coinbase can be wrapped into liquid staking tokens and later unwrapped back into the underlying staked asset. Eligible liquid staking tokens held in a Coinbase account can also be unwrapped, even if they weren’t wrapped on Coinbase.
Liquid staking tokens provide flexibility to sell, transfer, or use the assets without unstaking. They can also be moved to an external wallet and traded outside the Coinbase platform.
Currently, staked ETH or SOL are eligible for wrapping and unwrapping. Availability varies by region and may be subject to limitations.
Wrap or unwrap staked ETH or SOL
Note: Transactions may occasionally fail due to network or liquidity conditions. If your transaction fails, try again or try a smaller amount.
To wrap your staked ETH or SOL:
Sign in to your Coinbase.com account or access the mobile app.
Search for and select cbETH or JitoSOL .
Select the Wrap option and follow the prompts.
Enter the amount you want to wrap and select Preview.
Review your order and select Wrap now.
To unwrap your cbETH or JitoSOL:
Sign in to your Coinbase.com account or access the mobile app.
Search for and select cbETH or JitoSOL.
Select Unwrap.
Enter the amount you want to unwrap and select Preview.
Review your order and select Unwrap now.
Related articles: