​​Coinbase will start supporting ERC20 tokens

​​Coinbase will start supporting ERC20 tokens

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Crypto-exchanger Coinbase announced that it is starting to support ERC20 tokens, that is released on the Ethereum blockchain. So far there is no final list of tokens of this standard, which will be included in the Coinbase listing. But the experts of crypto-exchanger are working on this.

This step was necessary Coinbase, which ecosystem includes several services, to strengthen positions in the competitive environment of crypto-exchangers in the US market.

A Coinbase listing means a sharp increase in trading volume for ERC20 tokens. Crypto-exchanger GDAX, which provides the infrastructure of Coinbase, by the morning of March 27 ranked 7th in the daily trading volume with the index of $ 411.7 million.

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