Coinbase, one of the world’s leading cryptocurrency exchanges, announced that it will support ERC20 tokens.
The message appeared today on the official Twitter page of the exchange:
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
However, no matter how the market reacts to this event, the support of ERC20 tokens by one of the largest exchanges can be of great importance for cryptocurrency markets in the future.
ERC20 refers to the set of tokens that was created with the help of a smart contract function on the Ethereum blockchain system.
Coinbase will now be able to support operations with many of the more popular coins. So, such tokens as; EOS, Tron, VeChain, Binance Coin, OmiseGO, Waltonchain, 0x, Golem, Dragonchain and many others will be eligible for service on the Coinbase platform.