RE: ERC20 Token Support To Be Added To Coinbase

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ERC20 Token Support To Be Added To Coinbase

in erc20 •  7 years ago 

This was kind of a shock, most ERC20 tokens are ICOs, and it is very unlikely Coinbase will add them. Those tokens are considered securities.

erc20
7 years ago by

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      ·  7 years ago 

    I agree it is a bit of a surprise given the companies historically cautious policy regarding adding new coins. I think they are just adding the support for ERC20 tokens and not necessarily listing them on GDAX or the Coinbase Retail Platform. I think it means you will be able to use your Coinbase wallet to send and receive tokens only. This will allow them to recover mistakenly sent tokens to Coinbase wallets.

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