Coinbase is launching an initial coin offering on December 15, 2018 for its Bitcoin trading platform.
This is the first time Coinbase has launched an initial Coin Offering (ICO) on its platform.
Coinbase says the platform has a limited capacity and the token sale will be held on its decentralized exchange, the Bitfinex platform.
The offer is valid until January 6, 2019, at which time the company will halt trading on its Coinbase platform.
Users can purchase tokens with the Coinbase platform, which has a 1.1 million token limit.
The sale is free for all Coinbase users.
Coinbase said the tokens will be listed in a dedicated listing on the platform.
There are currently 1.2 million Bitcoin, Ethereum, Litecoin, Ripple and Dash tokens available.
Coinbase also said that it has over 100,000 users with over a billion transactions.
“We’re excited to share our platform with our users and will be taking this opportunity to further increase our adoption of new technologies, including Blockchain technology,” said Coinbase co-founder Fred Ehrsam.
“Coinbase’s token sale is a step in that direction.”
Coinbase has been investing in Blockchain technology, with the firm announcing its latest investment, which was announced in May.
Coinbase recently partnered with the venture capital firm Andreessen Horowitz to build the Coinbase Blockchain Lab.
The Lab is a partnership between Coinbase and Andreessen to build a lab dedicated to exploring Blockchain technology.
In the past, Coinbase has also worked with the investment firm Draper Fisher Jurvetson to help facilitate the creation of Blockchain platforms.
The Coinbase team also said it will expand its team of blockchain researchers, as it continues to work on its blockchain research.
The platform has attracted a lot of attention in recent months.
Coinbase’s first crowdsale on August 1, 2017 raised $7 million, which represented the largest investment ever for the platform and was the largest token sale in the history of the cryptocurrency industry.
The firm said it raised $10 million in December 2017.
Coinbase launched its platform in 2016, offering trading of cryptocurrency-backed digital currencies such as Bitcoin, Ether and Litecoin.