Coinbase to launch a token for its Ethereum L2 network
The post Coinbase to launch a token for its Ethereum L2 network appeared on BitcoinEthereumNews.com. Coinbase’s Ethereum-based Base network has begun exploring a Base network token to accelerate decentralization and expand creator and developer growth in its ecosystem. The company has not revealed any specifics about the timing, design, or governance. Coinbase had previously affirmed that it was not planning to issue a new network token for Base and would use Ethereum as its native gas token. The firm acknowledged that it had no plans to share regarding a potential token. Base token to accelerate decentralization Base is beginning to explore a network token We’re in the early phases of exploration, and don’t have any specifics to share around timing, design, or governance. We’re committed to bringing the community along with us, and building in the open. pic.twitter.com/KUKzrfjzXT — Base (@base) September 15, 2025 Base creator Jesse Pollak said in a live-streamed conference on Monday that the project reverses Coinbase’s previous stance. Base stated that its priority was to build a secure, low-cost, developer-friendly chain and ecosystem. The firm argued that launching a token wasn’t necessary to reach its goals, but that it‘s more focused on its core product. The Layer-2 blockchain revealed that it achieved its north star of sub-second, sub-cent transactions, and they’ve expanded beyond a chain into an open stack to enable people to build, trade, and earn on-chain. The firm believes that a Base network token has the potential to accelerate Base’s decentralization and expand opportunities for builders and creators across its network. “It could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem. To be clear, there are no definitive plans. We’re just updating our philosophy. As of now, we’re exploring it.” –Brian Armstrong, CEO of Coinbase. The open stack platform promised to remain committed to Ethereum and continue to build on the…
The post Coinbase to launch a token for its Ethereum L2 network appeared on BitcoinEthereumNews.com.
Coinbase’s Ethereum-based Base network has begun exploring a Base network token to accelerate decentralization and expand creator and developer growth in its ecosystem. The company has not revealed any specifics about the timing, design, or governance. Coinbase had previously affirmed that it was not planning to issue a new network token for Base and would use Ethereum as its native gas token. The firm acknowledged that it had no plans to share regarding a potential token. Base token to accelerate decentralization Base is beginning to explore a network token We’re in the early phases of exploration, and don’t have any specifics to share around timing, design, or governance. We’re committed to bringing the community along with us, and building in the open. pic.twitter.com/KUKzrfjzXT — Base (@base) September 15, 2025 Base creator Jesse Pollak said in a live-streamed conference on Monday that the project reverses Coinbase’s previous stance. Base stated that its priority was to build a secure, low-cost, developer-friendly chain and ecosystem. The firm argued that launching a token wasn’t necessary to reach its goals, but that it‘s more focused on its core product. The Layer-2 blockchain revealed that it achieved its north star of sub-second, sub-cent transactions, and they’ve expanded beyond a chain into an open stack to enable people to build, trade, and earn on-chain. The firm believes that a Base network token has the potential to accelerate Base’s decentralization and expand opportunities for builders and creators across its network. “It could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem. To be clear, there are no definitive plans. We’re just updating our philosophy. As of now, we’re exploring it.” –Brian Armstrong, CEO of Coinbase. The open stack platform promised to remain committed to Ethereum and continue to build on the…
What's Your Reaction?
