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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” writes Marie Huillet for 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.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.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.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).

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