COINBASE TO BE A PLATFORM FOR NEW TOKEN..?

Coinbase CEO Brian Armstrong confirmed that the most important and largest exchange in the world is working on a service similar to the initial exchange offer (IEO), aimed at all those who want to launch a Token. This statement comes a few months after first hinting at such plans in late 2019.In a podcast hosted in mid-August with Patrick O’Shaughnessy, CEO of O’Shaughnessy Asset Management, Armstrong said Coinbase is working on a product called “Coinbase Launch or something like that”. ”It’s a way for anyone who wants to start a cryptocurrency to go in and say, 'Okay,

I want to issue a token. Maybe I want to raise money. Maybe I just want to use it to build my community, "and just hold the people hand during that process and help them with custody of it, help them create the smart contract, help them with governance issues, acquiring these things if you need to distribute them. to employees, ”Armstrong said. He went on to say that the product can be seen as a combination of Stripe Atlas, a platform for forming a company, and AngelList, a website for startups, angel investors and job seekers looking to work in startups. Overall, the Coinbase Launch product would aim to expand crypto adoption, Armstrong said. "It could be a huge unlock for the crypto economy as well, to get a thousand new startups built this way," he added. Coinbase first revealed a product of this nature last fall. “In a nutshell…