We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time. We are announcing this both internally and to the public as consistent with .
ERC20 is a technical standard used for smart contracts. ERC20 assets have become a popular way for teams to quickly build interoperable contracts/assets. More recently, our Ethereum wallet and Dapp browser .
What ERC20 support means for our products
— the Custody team is evaluating a set of assets to support for deposits and withdrawals. Note: Custody will likely support more assets than those available to trade on GDAX or Coinbase for the foreseeable future.
— the GDAX team will wait for additional regulatory clarity before we which ERC20 assets to support on GDAX. Support for ERC20 will also give us a path to enabling the safe recovery of customer ERC20 assets inadvertently sent to GDAX Ethereum addresses.*
— , Coinbase will only list assets after they are listed on GDAX. After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add any ERC20 asset added to GDAX to the Coinbase platform. It’s also worth repeating that GDAX will likely have more assets listed on the platform than the Coinbase platform, i.e. listing on GDAX does not guarantee listing on Coinbase.
Additionally, like GDAX, support for ERC20 will also give us a path to enabling the safe recovery customer ERC20 assets inadvertently sent to Coinbase Ethereum addresses.*
Update, January 2019: Please note that Coinbase can not currently receive ERC20 tokens that are not supported for buying/selling on the platform.
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