The Coinbase platform, having become the largest crypto bank in the world, is seriously considering launching a platform dedicated to subscriptions (IEO).

Where appeared Some news reports cite a statement by Mr. Kayvon Pirestani, Head of Sales at Coinbase, who said at a recent conference:

“Coinbase is not only looking to enter the world of IPOs (IEO), but is also studying the possibility of creating a platform dedicated to the security token (STO).”

However, so far, there is no official announcement from the platform itself.

It is worth noting that there are many platforms that offer subscriptions in the form of IEO to their users such as Binance, OKcoin, Bitfinex and Kucoin.

Read:Learn about the latest updates of the Binance platform after the hacking incident

It seems that the Coinbase platform is also interested in entering the world of IPOs and competing with these platforms. This is after the IEO has replaced the traditional ICO in the world of digital currencies.

Where in the IEO offers, the trading platforms provide a guarantee about the project that intends to raise funds by offering an initial token to the users for initial subscription and then making it available for trading on these platforms.

Usually, the currency of the platform hosting the IEO is used in the subscription process, as Binance does with the currency of BNB, which increases the use of the platform’s currency and increases its value.

IEO offerings are also subject to KYC and AML regulations, making the projects offered compliant with regulatory agencies.

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According to CoinDesk, Coinbase could offer its IEO in the coming months after the legal procedures are completed.

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Learn: How Coinbase Became the World’s Largest Bitcoin Bank

Coinbase receives and processes approximately $2 billion per month in crypto assets for institutional investors