search newsletter login upgrade

Can Coinbase really get away with facilitating IEOs?

by Larry Cermak

September 11, 2019, 8:12AM EDT  ·  3 min read

Quick Take

  • Coinbase may soon launch an IEO platform with details coming out “in the next few months”
  • Could Coinbase get away with facilitating the sale of unregistered utility tokens to their KYC’d (mostly U.S.-based) customers?
  • I don’t think so

by Larry Cermak

September 11, 2019, 8:12AM EDT  ·  3 min read

There have been rumors flying around for weeks that Coinbase and Poloniex were both considering launching their own Initial Exchange Offerings (IEOs) platform. I frankly thought it was crazy. Who in their right mind would even consider facilitating token launches for U.S. customers after the SEC has pretty clearly indicated that the majority of ICOs (mainly the ones without a functioning network) were security offerings at the time of sale?