Home>Business>Coinbase Considering Initial Exchange Offering Platform: Report
Business

Coinbase Considering Initial Exchange Offering Platform: Report


United States-based cryptocurrency exchange Coinbase has indicated it is considering the launch of an initial exchange offering (IEO) platform.

The news was revealed by Coinbase’s head of institutional sales in Asia, Kayvon Pirestani during a panel at the Invest: Asia conference on Sept. 11, crypto media outlet Coindesk reports.

IEO platform could be announced within months

During the panel, Pirestani reportedly revealed that the exchange believes that an IEO represents a “really interesting opportunity” for the business, stating that:

“In a nutshell, Coinbase is carefully exploring not only the IEO space but also STOs. But I can’t make any formal announcements right now.”

As Cointelegraph has previously reported, so-dubbed IEOs have emerged as an alternative model of token offering wherein a centralized crypto exchange acts as a form of an underwriter. 

The exchange generally operates sales and ostensibly vets both the projects themselves and prospective investors. 

The IEO model often involves the issuance of a proprietary exchange token that is used for the token sales — as well as other purposes — as, for example, with Binance’s native token Binance Coin (BNB) on the exchange’s Launchpad token offering platform.

Regarding timelines, Pirestani indicated that a potential IEO announcement may be forthcoming in the next few months, whereas the exchange’s pursuit of regulated securities offerings remains in relative infancy.

Security token offering prospects

As previously reported, Coinbase acquired several securities dealers —  Keystone Capital Corp. in addition to Venovate Marketplace, Inc. and Digital Wealth LLC — in summer 2018. 

At the time, the exchange announced the acquisitions represented the beginning of a process to become a fully regulated broker-dealer under the supervision of the U.S. Securities and Exchange Commission (SEC). It noted that if a broker-dealer license were to be approved, the platform would soon be capable of offering fully compliant blockchain-based securities.

Within several days of the announcement, however, Coinbase formally retracted its claim that the acquisitions had occurred with the involvement of the SEC and Financial Industry Regulatory Authority (FINRA). The SEC confirmed it had not given its explicit approval for the deal, with a spokesman noting that communication had been of an informal nature.

Perestani reportedly confirmed earlier today that broker-dealer licenses had eventually been obtained by the exchange, but that the platform was still working to repurpose the licenses. 

He also noted that security tokens are “talked about a lot but traded much less,” indicating that Coinbase could still bide its time with rolling out such offerings.





  • Bitcoin
  • Ethereum
  • Bitcoin cash
  • Litecoin
  • Cardano
  • Dash
  • Stellar
  • Ethereum classic
  • Lisk
  • Tron
  • Neo
  • Qtum
  • Omisego
  • Binance coin
  • Zcash
Scan to Donate Bitcoin to 1J6PGL1oemFb3hxabLygq4WgWx8cbfji1r

Please help us if you can with some Bitcoin

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0xA8E701dd11280a98e8F2e0A14064AC829E32D50F

Please help us if you can with some Ethereum

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Bitcoin cash to qrth4e0g93h3gpxex8ycwuxtsa332tha5qvkmlz0g5

Please help us if you can with some Bitcoin cash

Scan the QR code or copy the address below into your wallet to send some Bitcoin cash

Scan to Donate Litecoin to LTxxjySMDtERJhHYJ99UFW9AamAWTwCAZ4

Please help us if you can with some Litecoin

Scan the QR code or copy the address below into your wallet to send some Litecoin

Scan to Donate Cardano to DdzFFzCqrhsopoZLhbouUwh2NvvWMPeFrXQW9vNNpPKrjKbRGyLRN5joJgCeZ6e1MRHtPHeLffpkNpQs5AdDA8qFCZ4gA9bYtaerNQTk

Please help us if you can with some Cardano

Scan the QR code or copy the address below into your wallet to send some Cardano

Scan to Donate Dash to XmAdEHrwiVZJVkAxe8hK5U6HZB59L5yhmK

Please help us if you can with some Dash

Scan the QR code or copy the address below into your wallet to send some Dash

Scan to Donate Stellar to GD4KROE42HPOMT7BT6M27HHLFCOSIXPYY2V3WSCX5FYEWRJDIJQ4RWFT

Please help us if you can with some Stellar

Scan the QR code or copy the address below into your wallet to send some Stellar

Scan to Donate Ethereum classic to 0x5BF3fCAC8deA20CF21C9D0D9d058E00EEfc431Ae

Please help us if you can with some Ethereum classic

Scan the QR code or copy the address below into your wallet to send some Ethereum classic

Scan to Donate Lisk to 15642042552518336132L

Please help us if you can with some Lisk

Scan the QR code or copy the address below into your wallet to send some Lisk

Scan to Donate Tron to TYnAenRiV6BsTiE6FVyAcDDxZtBKUQTFxN

Please help us if you can with some Tron

Scan the QR code or copy the address below into your wallet to send some Tron

Scan to Donate Neo to ATiXRHVqYqrNktbxJfcDETfnrSUWSG4cPb

Please help us if you can with some Neo

Scan the QR code or copy the address below into your wallet to send some Neo

Scan to Donate Qtum to QUYXxY6kX7TY2HSLwVYMwFaJNZLwvX5uyp

Please help us if you can with some Qtum

Scan the QR code or copy the address below into your wallet to send some Qtum

Scan to Donate Omisego to 0xA8E701dd11280a98e8F2e0A14064AC829E32D50F

Please help us if you can with some Omisego

Scan the QR code or copy the address below into your wallet to send some Omisego

Scan to Donate Binance coin to 0xA8E701dd11280a98e8F2e0A14064AC829E32D50F

Please help us if you can with some Binance coin

Scan the QR code or copy the address below into your wallet to send some Binance coin

Scan to Donate Zcash to t1cBCyKgSSqWaNrkpvQZUSTuxMmAbbAyFpZ

Please help us if you can with some Zcash

Scan the QR code or copy the address below into your wallet to send some Zcash



Source link

Review Overview

Summary