Why Coinbase’s Support for Ethereum Testnets & ERC-20 Tokens MattersToshi, the Ethereum-based decentralized application browser and wallet operated by Coinbase, the world’s largest cryptocurrency exchange, brokerage, and wallet platform, has added support for Ethereum testnets and custom ERC-20 tokens.
Coinbase Roadmap
Lsat week, upon the integration of Ethereum Classic (ETC), the Coinbase team told its users and investors that the mid-term strategy of the company is to eventually support the entire ERC-20 token standard of Ethereum, including initial coin offering (ICO) tokens and independent blockchain projects.
The official statement of Coinbase released on June 12, read:
“We have previously announced our intention to support the ERC20 technical standard and Bitcoin forks. We will announce the intention to add specific assets within those categories prior to final engineering integration. This is consistent with our public process for adding new assets.”
Dan Romero, the general manager and vice president of Coinbase, acknowledged that the company’s integration of Ethereum Classic could come across as a surprising decision to the majority of traders. Romero emphasized that at the current phase of cryptocurrency regulation, especially, in the US, it is of utmost priority of the company to integrate digital assets that in no way can be categorized as securities.
https://www.ccn.com/why-coinbases-support-for-ethereum-testnets-erc-20-tokens-matters/