Coinbase on Initial Exchange Offering Platform

Coinbase is the first crypto exchange to offer all the basic features out of the box including cryptocurrency wallet, account with 24/7 support and crpto to fiat gateway. So if you want to get started with cryptocurrency this is one of the best places to start.However, you can never really start trading coinbase without also going through some basic banking issues. Before you even start trading coinbase you should get your bank account verified. This is where coinbase can help you a lot to ensure you can receive and pay.

Many updates are happening in the coinbase ecosystem from listing of new coins to easy buy and sell of crypto, they are exploring other options too.According to head of institution of coinbase Kayvon Pirestani coinbase are is exploring the Initial Exchange offerings IEOs he said

“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.”

A number of exchanges are leveraging the IEO method, although a few of them are much more advanced than others. A number of exchanges and custodians have already launched their own IEOs and are supporting the ICO concept. Some Exchanges which are supporting IEO are Binance, Kucoin and Okex. Binance IEO launch pad is most famous in all of exchanges. With an IEO, developers will be able to create and control their own new cryptocurrency.

An IEO will offer the same funding method as an ICO with the added benefit of earning money before the start of the IEO's operations. Pirestani emphasized that cryptocurrencies are like securities and that the exchange of tokens is different than the traditional method of buying and selling stocks where investors are allowed to buy and sell individual securities.For STOs they have to wait and see how market will behave on their demand.

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