UTC-05:00,Tuesday , September 29th 2020

Coinbase May Soon Launch An Initial Exchange Offering Platform

02:35 Wednesday , September 11th 2019
San Francisco-based cryptocurrency exchange Coinbase may soon issue a proprietary exchange token, according to Coinbase's head of institutional sales in Asia, Kayvon Pirestani.
Speaking on a panel on Sep. 11 about the evolution of cryptocurrency capital formation at CoinDesk's Invest: Asia conference, Pirestani said an initial exchange offering (IEO) platform is one of several capital-formation tools currently being explored by Coinbase.
"We think there's a really interesting opportunity there for Coinbase," said Pirestani, adding: "In a nutshell, Coinbase is carefully exploring not only the IEO space but also STOs [security token offerings]. But I can't make any formal announcements right now."
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