Coinbase Teases with Proprietary IEO Platform Launch

U.S.-based crypto exchange Coinbase is considering the pros and cons of launching of an IEO platform and a proprietary exchange coin, according to Kayvon Pirestani, Coinbase Director of Institutional Sales in Asia.

The IEO deliberations were revealed during his keynote speech dealing with the capital-formation tools explored by the exchange at the Invest: Asia conference this Wednesday:

“We think there’s a really interesting opportunity there for Coinbase,” said Pirestani, adding that the exchange is attentively following the STO trend as well.

The IEO trend was started by Binance this year and has been taken up by 12 major global exchanges including Bittrex, Okex, Huobi, and Coineal, most of which have already launched their own IEO launchpads.