Coinbase has launched a new crypto token sales platform that puts retail investors directly into early-stage deals, something Wall Street firms have long kept for themselves.
The platform, revealed this week, allows individuals to buy new crypto tokens before they’re listed on the Coinbase exchange.
According to Coinbase, this is the company’s latest attempt to grab more control of the crypto fundraising pipeline and pull retail buyers back into the game for the first time since 2018.
Sales on the new platform will happen monthly, with one token launch per cycle. Users get a one-week window to send in purchase requests. An algorithm then decides how to spread out the tokens. This isn’t some lottery or insider deal.
Read more: cryptopolitan.com
