Coinbase Adds Citrea’s CTR With Deposits Pending Token Transfer Unlock

According to Coinbase, users can generate deposit addresses for Citrea’s CTR while deposits remain unavailable until token transfers are unlocked, a step that could broaden access to Bitcoin-linked smart contract infrastructure.

BTC

Summary

Coinbase has added support for Citrea’s native token, CTR, in a limited rollout. The exchange said users can now generate deposit addresses for the asset across Coinbase platforms, but actual CTR deposits are still unavailable because token transfers have not yet been unlocked by the project team. The new report adds that Coinbase’s support for CTR could strengthen Citrea’s connection to the broader market by improving access to a Bitcoin-related ecosystem focused on smart contract functionality and decentralized governance. No timeline was provided for when deposits or transfers may become available.

Terms & Concepts
  • Deposit address: A unique wallet address assigned by an exchange so users can send a specific crypto asset into their account.
  • Token transfer unlock: The point at which a project enables on-chain movement of its token, allowing holders to send and receive it.
  • Smart contract: A self-executing blockchain-based program that runs automatically when predefined conditions are met.