Coinbase Slashes Account Freezes by 82% and Launches DeFi Support for XRP & DOGE

Coinbase is rolling out two major upgrades aimed at improving user experience and expanding its decentralized finance (DeFi) offerings:

1. Account Freezes Reduced by 82%
CEO Brian Armstrong announced that Coinbase has significantly cut unnecessary account freezes—once a major pain point—by 82%. This improvement was driven by upgraded machine learning systems, enhanced infrastructure, and new self‑service tools aimed at reducing false positives, while still complying with legal requirements . Coinbase acknowledges the remaining freeze cases and encourages affected users to contact support.

2. Wrapped XRP & DOGE Now Live on Base
To further enhance DeFi accessibility, Coinbase has launched wrapped versions of XRP (cbXRP) and Dogecoin (cbDOGE) on its Base Layer‑2 network. These ERC‑20 tokens let holders access yield farming, lending, and liquidity pools without leaving the Coinbase ecosystem  Within 24 hours, cbXRP achieved a market cap exceeding $5 million, with cbDOGE approaching $2 million—highlighting strong initial demand.

Why This Matters for Users & the Crypto Space

• Improved reliability: Fewer account restrictions help rebuild trust and retain users.
• DeFi on-ramp: XRP and DOGE holders can now explore decentralized finance directly through Coinbase’s Base network.
• Strategic growth: These updates reflect Coinbase's broader push toward robust Web3 infrastructure and mainstream DeFi integration.