Head of corporate sales at Coinbase Asia Kiwon Pirestani announced a possible launch platform for the exchange primary placement (IEO)
Speaking Wednesday at a panel discussion about the evolution of raising capital in the industry of cryptocurrency at the conference, CoinDesk Invest: Asia, Pirestani said platform to initial stock offerings (IEO) is one of several instruments of capital formation, which are studied Coinbase.
«We think that in this direction there are some really interesting opportunities for Coinbase,» said Pirestani. «Coinbase carefully explores not only the industry IEO, but STO. But I can’t make any official announcements».
The idea of launching platforms for IEO considered and implemented by many exchanges. For example, recently the exchange Coincheck said it plans the launch platform for the IEO. According to analysts, the inflation bubble of the beginning of the IEO exchange Binance, which this year re-launched its platform Binance Launchpad.
While Pirestani said that the news about the possible launch platform Coinbase IEO may appear within the «next few months», the announcement of plans for STO in the United States is not far off. Pirestani confirmed that the license of a broker-dealer Coinbase already received, but they «still work» the acquisition and «pereprofilirovanie» licenses.
He also noted that the token-actions «speak much, but they trade less frequently» and that Coinbase will have to wait for the growth of market demand for the release of STO.