Conversely, when users send onchain cbADA and cbLTC to their Coinbase accounts, it is converted back at a 1:1 ratio.

Onchain wrapped Cardano (cbADA) and wrapped Litecoin (cbLTC) tokens sent to Coinbase are redeemed at a 1:1 ratio and converted to Cardano (ADA) and Litecoin (LTC) respectively.