Cryptocurrency

Coinbase is considering launching an Initial Offering of Exchange – Breaking News

The house of the biggest change of the united States, Coinbase, is considering the launch of its own Initial Offer of Exchange (IEO, for its acronym in English). The head of institutional sales at Coinbase in Asia, Kayvon Pirestani, was the one who revealed the news. This occurred during his participation on a panel of the conference, Invest: Asia, made the 11th of September. Pirestani also said during his participation that the exchange believes that an IEO represents an “opportunity really interesting” for the business. “In a few words, Coinbase is exploring carefully not only the space IEO but also the STO. But I can’t make any formal announcement at this time”. In these moments, it is relevant to clarify what are actually the Initial Offers of Exchange. The so-called IEO emerged as an alternative model of supply of tokens in which an exchange of cryptocurrencies acts as a form of subscription. The house of change generally operates sales and apparently examines the projects themselves and potential investors. For this model to work, the IEO needs to the issuance of a token patented the exchange, which can be used for the sale of other similar, in addition to being used for other purposes, such as, for example, with the token native Binance Coin (BNB) of Binance on the platform of offering token Launchpad of the house of the change in question. Still not sure about whether it really a IEO of Coinbase will be possible; however, Pirestani said that in the next few months could be waiting for a possible announcement on the subject. Until now, Coinbase has positioned itself as one of the best companies cryptographic in the united States, it has made several acquisitions that represent the beginning of a process to become a stock broker a fully regulated under the supervision of the Securities and exchange Commission of the country, better known as the SEC. The approval of a license of stock broker for Coinbase, the platform would soon be able to offer values-based Blockchain fully compatible. According to reports, Perestani confirmed that the exchange had obtained licenses to broker, but the platform was still working in order to use them fully. Also made comments about the security tokens, emphasizing that “we speak a lot, but are traded much less”, indicating that Coinbase could still wait their time with the launch of such offers. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.

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