Coinbase has officially confirmed that the team behind its Layer 2 solution, Base, is considering the creation of its own token. These statements were made during the Basecamp event in Stowe, Vermont, and were also published on social media platform X (formerly Twitter).
This is reported by Finway
Possibility of Token Launch: What We Know
The Base developers reported that currently, this is only a scientific analysis and an early stage of discussion – there are no final decisions, specific timelines, or details regarding the design or governance model yet. The team emphasizes the importance of dialogue with the community for the future development of the project.
“Base is beginning to explore the possibility of launching a network token,” the developers stated.
The official Coinbase account stressed that there are no approved plans for launching a token at this time. However, the company is investigating whether its own token could accelerate the fulfillment of its mission. This approach marks a significant departure from the policy at the end of 2023, when Coinbase CEO Brian Armstrong clearly stated that he did not plan to issue an asset for Base.
Change in Strategy Amid New Market Conditions
Analysts point out that the management’s position at Coinbase previously appeared ambiguous. For example, the company’s chief legal officer, Paul Grewal, acknowledged the possibility of a token emerging in the future, although Armstrong denied this at the time. Now, the company is demonstrating a more flexible policy, which is related to changes in the political environment in the U.S. The Trump administration has shown greater openness to the development of the cryptocurrency sector, creating favorable conditions for such initiatives.
The news about the potential launch of the Base token came as a surprise even to former Coinbase employees. Luke Youngblood, founder of the decentralized lending service Moonwell, admitted that he was “absolutely stunned” by this information. In his opinion, the company’s legal team had previously adhered to an extremely cautious strategy and would hardly have supported such a move.
Experts link the possible decision to launch a token with an attempt to strengthen the economic ecosystem of Base and enhance its competitiveness among other L2 solutions for Ethereum, particularly Optimism and Arbitrum. At the same time, they emphasize that regulatory risks in the U.S. remain a key factor that could significantly impact the timelines and format of the project’s implementation.