Coinbase plans to launch a platform for IEO

Coinbase Asia Head of Corporate Sales, Kywon Pirastani, announced the launch of a platform for initial public offerings (IEO)

Speaking on a panel discussion on the evolution of capital raising in the cryptocurrency industry on Wednesday at a CoinDesk Invest: Asia conference, Pirastani said that the platform for initial public offerings (IEOs) is one of several capital formation tools that Coinbase is exploring.

“We think that there are really interesting opportunities for Coinbase in this direction,” said Pirastani. “Coinbase is thoroughly researching not only the IEO industry, but also STO. But I can’t make any official announcements now. ”

Ideas for launching platforms for IEO are being considered and implemented by many exchanges. For example, Coincheck recently announced that it plans to
launch platform for IEO. According to analysts, the IEO bubble inflating was launched by the Binance exchange, which this year restarted its Binance Launchpad platform.

While Pirastani said that news about the possible launch of the Coinbase IEO platform may appear within the “next few months,” the announcement of plans for STO in the US is just around the corner. Pirastani confirmed that Coinbase has already obtained broker-dealer licenses, but they are “still processing” this acquisition and “re-profiling” the corresponding licenses.

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He also noted that there is “a lot of talk about tokens in shares, but they are not traded so often” and that Coinbase will wait for the growth of market demand for the issue of STO.