Adding ERC20 Support to Coinbase

Coinbase is just playing catch up at this point. They started years ahead of Binance and it's surprising how far behind they are now in comparison to Binance. Chalk it up to regulation or them just resting on their laurels, but with Binance coming up with fiat-crypto pairs and setting up their operations and banking in Malta, it will only be a matter of time before Coinbase's advantage as a fiat onramp to altcoins becomes irrelevant.

Re: Adding ERC20 Support to Coinbase

#5

Post by proofofmoon » Mon, Mar 26, 2018, 11:21 PM UTC

hw wrote: post #4

earlz wrote: post #2

Good on Binance for finally putting a fire under Coinbase

Coinbase is just playing catch up at this point. They started years ahead of Binance and it's surprising how far behind they are now in comparison to Binance. Chalk it up to regulation or them just resting on their laurels, but with Binance coming up with fiat-crypto pairs and setting up their operations and banking in Malta, it will only be a matter of time before Coinbase's advantage as a fiat onramp to altcoins be…

Fiat onramps will remain important because they drive the majority of mainstream adoption. Setting up a fiat on-ramp in an alternate jurisdiction invites a poker Black-Friday style government intervention (https://en.wikipedia.org/wiki/United_States_v._Scheinberg#Ac...).

Re: Adding ERC20 Support to Coinbase

#6

Post by wmf » Tue, Mar 27, 2018, 12:13 AM UTC

swyx wrote: post #3

Does this mean token trading is coming to Coinbase?

the GDAX team will wait for additional regulatory clarity before we decide which ERC20 assets to support on GDAX. ... Coinbase will only list assets after they are listed on GDAX

Basically no.

Re: Adding ERC20 Support to Coinbase

#7

Post by ada1981 » Tue, Mar 27, 2018, 12:30 AM UTC

Hmm... so does this mean coinbase users will be able to send / receive erc20 from their wallets?

We are about to launch an actual tropical Island with an erc20 token and this would be good news.

Re: Adding ERC20 Support to Coinbase

#8

Post by B1narySunset » Tue, Mar 27, 2018, 12:59 AM UTC

Will this impact services like Radar Relay in any way?

Re: Adding ERC20 Support to Coinbase

#9

Post by paulsutter » Tue, Mar 27, 2018, 1:18 AM UTC

swyx wrote: post #3

Does this mean token trading is coming to Coinbase?

This will be for the upcoming flood of SEC registered security tokens, not the existing ICO tokens which the SEC frowns upon

Re: Adding ERC20 Support to Coinbase

#10

Post by wmf » Tue, Mar 27, 2018, 1:35 AM UTC

paulsutter wrote: post #9

swyx wrote: post #3

Does this mean token trading is coming to Coinbase?

This will be for the upcoming flood of SEC registered security tokens, not the existing ICO tokens which the SEC frowns upon

But GDAX/Coinbase probably isn't a compliant securities exchange and they may not be able to afford to become one.