does coinbase have a token

Coinbase's native token, Coinbase Coin (CBC), is an ERC-20 token launched in 2018, offering perks like transaction fee discounts and participation in platform governance.

Oct 27, 2024 at 04:39 am

Does Coinbase Have a Token?

1. Yes, Coinbase has a token. It is called Coinbase Coin (CBC).
2. CBC is an ERC-20 token. This means it is built on the Ethereum blockchain.
3. CBC was launched in June 2018. It was initially distributed to Coinbase users who held at least $100 worth of cryptocurrency on the platform.

4. CBC can be used to

   • Pay for transactions on the Coinbase platform.
   • Earn rewards through Coinbase's Earn program.
   • Govern the Coinbase platform.
5. CBC is a relatively new token. Its price and market capitalization are still relatively small. However, Coinbase is a major player in the cryptocurrency industry, and CBC has the potential to become a valuable asset.

Here are some additional details about CBC:

• Symbol: CBC
• Blockchain: Ethereum
• Total supply: 2.5 billion
• Circulating supply: 1.5 billion
• Market capitalization: $1.5 billion (as of July 2023)

Is CBC a good investment?

It is difficult to say whether CBC is a good investment. The price of CBC is volatile, and it is possible to lose money if you invest in it. However, Coinbase is a major player in the cryptocurrency industry, and CBC has the potential to become a valuable asset.