Coinbase Considers Launching a Token for L2 Network Base

Coinbase has confirmed that its second-level Base team has begun exploring the possibility of issuing its own token. This was announced at the Basecamp event in Stowe, Vermont, and in the project’s official post on social network X.

“Base is beginning to explore the possibility of launching a network token,” the developers stated.

Coinbase emphasized that this is only the initial stage of analysis: there are no specific timelines, token parameters, or governance model yet. The company intends to engage in discussions with the community to assess potential benefits for the ecosystem.

On Coinbase’s official account, it was clarified that no final decisions have been made, but they are exploring how the token could contribute to the company’s mission. This statement marked a turning point compared to the position at the end of 2023, when CEO Brian Armstrong claimed that issuing an asset for Base was not being considered.

Previously, company leaders had expressed mixed views. For instance, Chief Legal Officer Paul Grewal allowed for the possibility of a token in the future, while Armstrong denied such plans. Analysts now believe that the softened stance is related to changes in the political environment in the U.S., where the Trump administration is showing more openness to cryptocurrencies.

The news came as a surprise even to former Coinbase employees. Moonwell DeFi app founder Luke Youngblood noted, “I was completely surprised. Coinbase’s legal team was previously extremely conservative and would hardly have supported such an initiative.”

Experts believe that launching a token could strengthen Base’s economy and increase its competitiveness compared to other Ethereum L2 solutions, such as Optimism and Arbitrum. However, regulatory risks in the U.S. remain a key factor that will determine the timing and format of a potential launch.