
Coinbase has expanded its support to include ERC20 tokens, allowing users to store, send, and receive a wide range of digital assets.
ERC20 tokens are built on the Ethereum blockchain and can now be added to Coinbase users' accounts with ease.
This move marks a significant step for Coinbase, as it opens up new possibilities for users to diversify their portfolios and engage with a broader range of digital assets.
ERC20 tokens are decentralized, meaning they operate independently of traditional financial systems, and are issued on the Ethereum blockchain.
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Coinbase Announces Support
Coinbase plans to support the Ethereum ERC20 technical standard for tokens in the coming months. This is a significant move for the exchange, which has traditionally been selective about adding new coins to its platform.
Coinbase will support ERC20 assets across its products, including Custody, GDAX, its Asset Management platform, and its main platform, but only after assets have made their way to GDAX. This means that users can expect to see a wide range of ERC20 tokens available for trading on Coinbase in the future.
The exchange has announced that it will not support ERC20 tokens for Coinbase Commerce, at least not initially.
Recommended read: Best Erc20 Tokens
Support Details

Coinbase is committed to providing top-notch support to its users. They offer support in multiple languages, including English, Spanish, French, Italian, and more.
You can reach out to Coinbase support through their website, social media, or email. They also have a comprehensive help center with detailed guides and FAQs.
Their support team is available 24/7, so you can get help whenever you need it.
Coinbase Supports Tokens
Coinbase is planning to support Ethereum ERC20 tokens on its exchange, marking a significant shift in its traditional approach to adding new coins.
The company has announced that it will gradually implement ERC20 support across its products, including Custody, GDAX, and its main platform. However, this will only happen after assets have made their way to GDAX.
Coinbase is taking a cautious approach to avoid another insider trading scandal like the one that occurred with Bitcoin Cash last year.
The company is stressing that it is making this information public to comply with its process for adding new assets.
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ERC20 tokens include popular currencies like EOS, Golem, and QTUM, which have been created using the Ethereum network.
Coinbase Commerce will not support ERC20 tokens, at least not immediately.
The company is working on adding support for ERC20 assets across its products, but it's not announcing support for any specific assets or features at this time.
Coinbase will follow its usual process for adding new assets, which involves listing them on GDAX first.
GDAX will wait for additional regulatory clarity before deciding which ERC20 assets to support.
Implications and Limitations
Coinbase's decision to support ERC20 tokens has significant implications for the cryptocurrency market.
This move could increase the capitalization and popularity of Coinbase, which has been struggling to regain user trust since the allegations of dishonest support to BCH over Segwit.
However, the process of listing ERC20 tokens will be lengthy and involves approval from GDax, which will wait for additional regulatory clarity before deciding which assets to support.
Coinbase has ruled out supporting ERC20 tokens for Coinbase Commerce, likely due to technical reasons.
The listing process for ERC20 tokens will be conducted through the CBI methodology, ensuring a standardized approach.
GDax will carefully evaluate the ERC20 assets to be listed, prioritizing transparency and regulatory compliance.
The decision to support ERC20 tokens is a positive step for Coinbase, but its impact will depend on how effectively the exchange can execute this new strategy.
The listing of ERC20 tokens on Coinbase will likely have a significant impact on the cryptocurrency market, but it's too early to predict the exact outcome.
Coinbase ERC20 Support
Coinbase will support Ethereum ERC20 tokens on its exchange. This is a significant move, as ERC20 tokens include popular currencies like EOS, Golem, and QTUM.
Coinbase took to Medium to reveal its plans to support the ERC20 technical standard. However, they haven't announced when the implementation will go live or which tokens will get listed first.
ERC20 support will be gradually implemented across the full suite of Coinbase products, including Custody, GDAX, and its main platform. Assets will first need to be listed on GDAX before they can be traded on Coinbase.
Token Types Supported

Coinbase will support Ethereum ERC20 tokens on its exchange.
ERC20 is a technical protocol used to create utility-based tokens on the Ethereum network, and it's employed by hundreds of projects, including popular currencies like EOS, Golem, and QTUM.
The list of ERC20-powered tokens is long and varied, but it's also been used by some questionable startups looking to launch their own tokens quickly and easily.
Coinbase is gradually implementing ERC20 support across its products, starting with GDAX and then moving to other platforms like Custody and Asset Management.
The Commerce payment system will not be adding ERC20 support at this time.
Recommended read: Is Erc20 the Same as Ethereum
Ethereum Token Support
Coinbase plans to support Ethereum ERC20 tokens on its exchange, marking a significant shift in its traditionally selective approach to adding new coins.
The company has announced that ERC20 support will be gradually implemented across its full suite of products, including Custody, GDAX, and its main platform, but only after assets have made their way to GDAX.

ERC20 is a technical protocol that developers use to create utility-based tokens on the Ethereum network, with popular currencies like EOS, Golem, and QTUM among the hundreds of tokens that use this standard.
Coinbase is taking a cautious approach, stressing that it is making this information public to comply with its process for adding new assets and avoid another insider trading scandal.
The company has not disclosed which tokens will be listed first or when the implementation will go live, but it has emphasized that it will follow a consistent process for adding new assets.
Coinbase Commerce, on the other hand, will not support ERC20 tokens, at least not initially, possibly due to technical reasons.
GDAX will be responsible for approving ERC20 assets before they are listed on Coinbase, and it will wait for additional regulatory clarity before making any decisions.
The company has learned from past experiences, such as the insider trading controversy surrounding Bitcoin Cash, and is taking steps to ensure transparency and fairness in its operations.
For another approach, see: How to Use Pancakeswap
Frequently Asked Questions
How to get ERC-20 wallet address in Coinbase?
To get your ERC-20 wallet address in Coinbase, sign in and select Receive crypto, then choose ERC-20 as the asset. The QR code and address will populate, and you can copy it to your clipboard using the copy icon.
Sources
- https://thenextweb.com/news/coinbase-ethereum-erc20-tokens
- https://www.zdnet.com/finance/blockchain/coinbase-announces-support-for-erc20-ethereum-tokens/
- https://u.today/coinbase-announces-support-for-erc20-tokens-but-actual-integrations-still-distant
- https://zycrypto.com/coinbase-announces-support-for-erc20-tokens/
- https://etherscan.io/address/0xa9d1e08c7793af67e9d92fe308d5697fb81d3e43
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