Coinbase Selects Chainlink CCIP as Exclusive Bridge for $7 Billion in Wrapped Tokens Between Chains

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 11 2025

Should l Buy LINK?

Coinbase and Chainlink Partnership: Coinbase has selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridge for its wrapped assets, valued at approximately $7 billion, to enhance cross-chain security and interoperability.
Functionality of Wrapped Assets: The integration allows users to transfer wrapped versions of cryptocurrencies like cbBTC and cbETH across different networks and applications, facilitating their use in decentralized finance (DeFi) ecosystems.
Security Enhancements: CCIP's decentralized node-based design aims to mitigate risks associated with cross-chain bridges, which have been vulnerable to exploits in the past.
Recent Developments: The announcement follows the launch of a new bridge connecting Coinbase's Base layer-2 network with the Solana blockchain, further promoting interconnected blockchain ecosystems.

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Technical Analysis for LINK

Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Chainlink (LINK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3.539	5.344	7.229	9.034	10.919	12.724	14.609
Fibonacci	5.344	6.754	7.625	9.034	10.444	11.315	12.724

About LINK

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.To learn more about this project, check out our deep dive of Chainlink.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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