Today, Coinbase announced that they will be adding support for ERC20 tokens. With hundreds of ERC20 tokens running on the Ethereum blockchain, this opens a broad range of possibilities for the Coinbase portfolio.
No specific coins or tokens were announced today, but it is likely that a large number of ERC20 tokens will be added simultaneously once the service is ready. With Ethereum being in a dump lately due to new ICO regulations, this is great news for Ethereum in the near future. Being able to trade from fiat directly to any of a large number of ERC20 tokens would be a significant step forward in accessibility to the broader token market.
We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months.
— Coinbase (@coinbase) March 26, 2018
As the regulatory grip tightens around ICO’s and the crypto market, this is huge news for the space.