Coinbase CEO Dismisses Rumors About the Launch of Base’s Token

• Coinbase CEO Brian Armstrong dismisses the rumors regarding the platform’s launch of a native digital token for Base.
• Previously, Coinbase CLO Paul Grewal hinted at a potential launch of the Base token.
• Armstrong expressed the teams’ satisfaction with Base’s progress since its launch.

In a recent interview, Brian Armstrong, the CEO of Coinbase, dismissed rumors regarding the platform’s endeavor to launch a native token for Base. Clarifying ambiguities that sprouted from a previous statement by Coinbase’s Chief Legal Officer Paul Grewal, Armstrong asserted, “We’re not planning to make any token for Base”

Previously, in September, Grewal hinted at the possibility of Coinbase introducing a native digital token for its Layer 2 blockchain network Base. However, the lawyer didn’t provide much details about the potential launch of the token. He cited,

I think a token could be viable at some point in the future. It’s not something we’ve ruled out entirely.

Contradicting Grewal’s words, Armstrong posited that Coinbase has “no plans” for issuing Base network’s token. Further,…

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