Published on May 24th, 2018 | by bitcoin0
By Acquiring Paradex Coinbase Is Another Step Closer to Trading Ico
Cryptocurrency exchange Coinbase has taken another step toward trading ERC20 tokens by acquiring decentralized relayer Paradex.
ERC20 is the Ethereum technical standard that the majority of initial coin offering (ICO) tokens are based on.
Due to the ICO boom that has taken place over the last few years, thousands of different ICO tokens are now available.
Coinbase offers two types of trading platforms: Coinbase for novice traders and GDAX for the more experienced traders.
According to Reuters, Coinbase is revamping GDAX and rolling it over to a new service dubbed “Coinbase Pro” next month.