The company tweeted, 'Coinbase Wrapped Staked ETH (cbETH) is | Coin Bureau Insider

The company tweeted,

"Coinbase Wrapped Staked ETH (cbETH) is a utility token that represents ETH2, which is ETH staked through Coinbase. cbETH can be sold or sent off-platform, while ETH2 will remain locked-up until a future protocol upgrade."

https://cointelegraph.com/news/coinbase-introduces-wrapped-staked-eth-asset-ahead-of-the-merge