Assets, Ethereum

Is Coinbase ERC20 Ethereum?

As of late, there has been much discussion in the crypto community about whether or not Coinbase will support ERC20 Ethereum. While nothing has been confirmed by Coinbase as of yet, there is a strong possibility that they will eventually support it.

Here’s a look at the reasoning behind this potential move by Coinbase.

ERC20 is the most widely used token standard on the Ethereum blockchain. It is estimated that over 80% of all tokens created on Ethereum are ERC20 compliant.

This makes sense given that Ethereum is the most popular platform for launching ICOs. Given the popularity of ERC20 tokens, it would make sense for Coinbase to add support for them.

Coinbase has been slow to add support for new assets in the past, but they have eventually added support for most major assets. For example, it took them over a year to add support for Bitcoin Cash after it was created.

However, they eventually did add support for it. Based on this history, it’s likely that Coinbase will eventually add support for ERC20 Ethereum.

The addition of ERC20 Ethereum would be a positive move for Coinbase. It would make their platform more attractive to users and would increase the number of assets that they support.

This would be a win-win for both Coinbase and its users.

Previous ArticleNext Article