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Author Topic: Coinbase Announces Support for Ethereum ERC20 Tokens  (Read 118 times)
whirlcoin
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May 08, 2018, 02:15:57 PM
 #21

I think this might happen by end of this year or even later because they just said they have idea to add the ERC20 tokens to their wallet but still no new about when it will happen.
Will coinbase also offer exchanging of erc20 tokens to fiat currency? That would be really great if they did(since I have many erc20 tokens that I want to convert before this year ends). I also wonder though, will this spark erc20 token's popularity to newbies and the public masses as well? If that is the case, then it would really be great for crypto in general(because adoption rate will increase).
If they have added tokens into their wallet means it will also be available for trading as well because coinbase is mainly an exchange.But we don't know that when it will happen and the chance of adding all tokens is also very less because everyday lots of new tokens is getting into the market.

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May 08, 2018, 02:20:11 PM
 #22

I am glad someone brought up this thread to the top, because I missed this news! I googled and the support is not there yet, it will be implemented in a couple of months. But will it be the support for all erc-20 tokens, or only the top ones? There are tokens which are not worth much and I think it would be pretty strange if these new post-ICO projects were getting listed on coinbase, while some of the top coins (Eos, Neo etc) weren't.
This will make coinbase's listing less valuable than before IMO.

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May 08, 2018, 05:43:40 PM
 #23

Coinbase caters mostly to the US and European markets and is probably the single biggest and well known exchange in media circles. Support for ERC20 tokens means they can put a choice of those ICO coins as soon as they finish raising the money.
Exchanges like Binance and Kucoin have been earning decent sums from these ICOs in the form of listing fees. Though, it can be expected that as coinbase aims to target a more sophisticated set of customers and be seen as legitimate (check out coinbase custody for institutional customers), they will do some due diligence in the kind of tokens they will list.

We may see the beginning of the process of separating wheat from the chaff. Too much to ask for probably, but there is a possibility.


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May 30, 2018, 09:28:44 PM
 #24

Coin base adding Erc20 will make cryptocurrencies market attract more funds in the coming days and we can see healthy growth thereafter in Erc20 smart contracts
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