Coinbase planning to launch an IEO platform

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Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

Invest: Asia conference saw a series of announcements this year from various platforms and regarding several things. This time U.S. based crypto exchange Coinbase is planning to head in the direction of working on an IEO(initial exchange offering) platform in the future.

Kayvon Pirestani is the head of institutional sales at Coinbase in Asia, and he recently mentioned at the Invest: Asia conference that Coinbase is exploring the IEO and STO’s(security token offering) space. It was not a formal announcement, but we won’t be surprised if it happens in the future.

Japanese exchange Coincheck also considered launching an IEO platform to help firms raise funds with the help of utility tokens. The concept of IEO platforms was popularized by Binance, and within 2019, 12 exchanges including OKEx, Huobi, and Bittrex have announced their platforms for this year. 39 projects are already a part of an IEO platform.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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