Coinbase Considers Releasing a New Network Token. Could This Move Buoy the Stock?

Coinbase Global (NASDAQ: COIN) CEO Brian Armstrong surprised investors on Sept. 15 with news that the company is exploring its own Base network token. Base is a Coinbase ecosystem where people can build decentralized applications that integrate with its products.As a Layer-2 network, developers benefit from Ethereum's (CRYPTO: ETH) security alongside Base's lower fees and faster processing. With more than $5 billion in total value on the chain, it's one of the biggest Layer-2 solutions. Armstrong stressed there are no definitive plans, but until now the idea of issuing a token was not even on the table. Perhaps ongoing regulatory changes could now give a clearer framework for token issuance.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool