Coinbase is considering launching a Base network token and an inclusive token sale platform to expand its decentralized finance infrastructure, confirmed by CEO Brian Armstrong during the Q3 2025 earnings call.
The potential introduction of a Base token could significantly influence market dynamics, potentially unlocking $34 billion in equity value for Coinbase and impacting Ethereum's role on the Base network.
Coinbase is exploring a Base network token and inclusive token sales to expand its decentralized finance infrastructure and on-chain capital formation to boost user growth.
The exploration of a Base token by Coinbase could significantly enhance decentralized finance, promoting broader adoption and participation with potential economic impact expected by 2026.
Coinbase Explores Native Token for DeFi Expansion
Coinbase seeks to bolster DeFi by exploring a native Base network token and an inclusive token sale framework. This initiative aims to enhance on-chain liquidity and developer engagement, despite no confirmed plans yet.
CEO Brian Armstrong highlighted Coinbase's ambitions to onboard 1 billion blockchain users, while Jesse Pollak emphasized the importance of network transparency and regulatory alignment as key focal points.
"There are no definitive plans" for a Base token, but Coinbase is "exploring the idea" for network growth and decentralization. - Brian Armstrong, CEO, Coinbase
Base Token Prospect Promises $34 Billion Equity Unlock
J.P. Morgan anticipates the Base token could unlock $34 billion in value for Coinbase by 2026, prompting stakeholder optimism around potential shifts in market dynamics and investment strategies.
The initiative could transform the existing landscape by impacting ETH dynamics and enhancing developer incentives. Stakeholders value Coinbase's commitment to regulatory compliance amid ongoing market sentiments.
Launch Precedents Suggest Positive Market Impact
Historically, launches like those from Optimism Superchain L2s led to increased TVL and user engagement. This track record suggests a Base token might drive similar outcomes in the current ecosystem.
The economic model, including veBASE governance, reflects strategies aimed at phased decentralization. Market analysts forecast positive outcomes given comparable precedents such as Kraken’s Ink launch.