Coinbase Mulls IEO Platform, Explores STO

U.S.-based major cryptocurrency exchange Coinbase may reportedly announce its plans regarding own initial exchange offering (IEO) platform in the next few months, while security token offerings are also in their radar.

Source: Instagram, Coinbase

"Coinbase is carefully exploring not only the IEO space but also STOs [security token offerings]," Coinbase’s head of institutional sales in Asia, Kayvon Pirestani said at CoinDesk’s Invest: Asia conference, Coindesk reported, adding that the company "may soon issue a proprietary exchange token." The report did not elaborate on these plans any further.

Many crypto exchanges are already offering their own IEO platforms, including Binance, OKEx, Bittrex, Huobi, Bitfinex and others.

Touted as the successor to the wildly lucrative initial coin offering (ICO), IEOs were sold as a safer way of investing in new blockchain projects. As reported by, while short-term trends indicate a move away from IEOs, longer term data indicate that the success of IEOs has been steadily growing overall since "IEO" became a buzzword at the start of this year.

However, there is often a discrepancy in reporting on IEO data.

According to TokenInsight, IEOs raised USD 1.1 billion in May, while the total for June collapsed to USD 125 million, which was also less than the USD 153 million generated by exchange offerings in April.

Meanwhile, according to data from TradeBlock cited in the Wall Street Journal, IEOs raised USD 518 million in the five months to the end of May. More meaningfully, the January total for IEOs was around USD 10 million, while this increased to about USD 20 million in February, over USD 110 million in March, over USD 220 million in April, and just over USD 150 million in May.

Finally, CoinGecko, has stated in its Q2 release that IEOs raised only USD 262 million over the first six months of 2019.

Read more:
What Is An Initial Exchange Offering (IEO)?
How to Invest in IEO: a Step-by-Step Guide