Coinbase Platform for Startups In The Works

Staple cryptocurrency exchange platform Coinbase is developing a platform designed for startups that will allow new companies to mint their own custom crypto assets.

Coinbase CEO Brian Armstrong was recently a guest on the podcast led by investor Patrick O’Shaughnessy, Invest Like The Best.

While outlining his vision for the future of cryptocurrencies, Brian Armstrong stated that a common grievance of many new companies is the abundance of regulatory and funding impediments faced by crypto startups. As a relatively new phenomenon, not all countries and markets have gotten around to drafting proper legislation, often sparking confusion.

 Although Coinbase has invested in over 60 crypto startups through Coinbase Ventures, Brian Armstrong is of the opinion that the loopholes and nuances in current cryptocurrency legislation often discourage new talent with new ideas – A problem he is aiming to fix with this new platform.

“There’s a lot of really talented teams trying to build companies this way now, but a lot of the regulatory environment is still unclear for them about, ‘Is this a security? What kind of securities regulations might you trip up if you do these’ And so, there’s all these kind of different exemptions and stuff that people are trying to jump through hoops to try to make [it] work.”

Coinbase Launch, Coming Soon

The new Coinbase platform designed to help entrepreneurs join in on the action will be called Coinbase Launch – although the name may change in the future. Coinbase Launch will assist new companies with processes, the creation of smart contracts, token offerings, legislative suggestions, and so on and so forth.

Once launched, the new platform could potentially lead to exponential growth in the adoption of cryptocurrencies. Now armed with the knowledge and resources to put their plans into action, we may soon be seeing an avalanche of startups taking opportunity of Coinbase’s expertise and reputation to change the world.