Coinbase Wants To Change The Future Of Digital Asset Launches

Coinbase wants to disrupt the way new tokens are issued. And they’ve built their own platform to do it.

What’s happening:

• Coinbase (NASDAQ: COIN) has unveiled their new platform for issuing new digital assets known as Coinbase Launchpad
  

Why it matters:‍

• This is the first time ever Coinbase has ventured into allowing crypto startups to launch tokens directly on the Coinbase platform prior to being listed on other digital asset exchanges globally
  

Going deeper:‍

• Coinbase Launchpad is aiming to reshape how new digital tokens are launched and issued and has publicly stated they plan to require token lockups from founders and early investors to ensure fair distribution
  
• Popular Layer 1 blockchain startup Monad will be the first company to issue tokens directly on Coinbase Launchpad imminently
  

The fine print:‍

• All investors who want to participate in new token launches on Coinbase Launchpad will need to complete compliance checks prior to being able to invest and will only be able to invest through using Circle's (NYSE: CRCL) stablecoin USDC

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