Tags: coinbase | ethereum | cryptocurrency | bitcoin

Crypto Exchange Coinbase Adds Support for Ethereum-Based Tokens

Crypto Exchange Coinbase Adds Support for Ethereum-Based Tokens
(Dennizn | Dreamstime)

Tuesday, 27 March 2018 11:42 AM EDT

Coinbase Inc., owner of one of the biggest U.S. cryptocurrency trading platforms, is opening the door to offering digital tokens based on the Ethereum network.

The San Francisco-based company said it will support Ethereum’s ERC20 technical standard on its platform in the coming months, according to a blog post the firm published Monday. ERC20 is the technical standard used to build Ethereum-based tokens, such as EOS, Qtum, OmiseGo and Bancor. There are more than 50,000 ERC20 token contracts, according to Etherscan website.

“This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time,” the post said. Coinbase trades Bitcoin, Bitcoin Cash, Ether and Litecoin on its GDAX exchange.

The move comes less than three weeks after the U.S. Securities and Exchange Commission said platforms serving as venues for digital assets that are securities will need to register with the agency as a national exchange, or qualify for an exemption. Coinbase says it’s exempt from SEC registration requirements as they do not list assets that could be considered securities.

© Copyright 2025 Bloomberg News. All rights reserved.


StreetTalk
Coinbase Inc., owner of one of the biggest U.S. cryptocurrency trading platforms, is opening the door to offering digital tokens based on the Ethereum network.
coinbase, ethereum, cryptocurrency, bitcoin
185
2018-42-27
Tuesday, 27 March 2018 11:42 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Newsmax2 Live
 
On Now:3:00a ET • Ronald Reagan: An American Journey
Coming Up:5:30a ET • Marines in Combat
Get Newsmax Text Alerts

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© 2025 Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved