Coinbase Is Considering a Crypto token for Base Network

The Base network from Coinbase may soon introduce a native token. Jesse Pollak, who founded Base, mentioned this at the recent BaseCamp event. He indicated they are looking into the concept, but no decisions have been made yet. Currently, there’s no set timeline or design, just ongoing discussions. This is a significant shift from previous statements where Coinbase asserted there were no intentions to create a coin.

Reasons Behind Considering a Coin

The primary motivation for contemplating a crypto token is to facilitate the growth of Base . Pollak clarified that the objective is to empower the community in shaping the network’s evolution. A crypto token could incentivize more developers and users to participate. Additionally, it aligns with Base’s broader vision of functioning as a decentralized layer on Ethereum, since any crypto token would be integral to that chain.

Base is starting to explore the idea of a platform token

We’re at the initial stages of exploration and currently do not have any specific details to share regarding timing, design, or governance. We are committed to involving the community and building transparently. pic.twitter.com/KUKzrfjzXT

— Base (@base) September 15, 2025

Current Understanding

Since its launch in 2023, Base has expanded rapidly. As of now, the network has roughly five billion dollars in total value locked. A significant portion of that has been accrued just this year. Despite the high activity, Base has yet to launch its own token. Users pay transaction fees using Ethereum. Pollak reiterated that nothing is definitive. The discussions surrounding the token’s purpose, governance, and implementation are still ongoing.

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Commitment to Transparency and Regulation

Pollak emphasized the team’s desire to maintain transparency. This includes engaging the community and collaborating closely with regulators. They aim to avoid hastiness that could lead to legal issues. Coinbase’s CEO Brian Armstrong also mentioned that there are no concrete plans at this moment, viewing the change more as a shift in perspective than a specific course of action. The company appears to be laying the foundation while monitoring potential regulatory responses.

Ethereum

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Ethereum

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Current Position of Base

Base is among the most dynamically developing layer 2 networks on Ethereum, designed to offer rapid and affordable transactions. This focus has facilitated its growth, particularly among developers. Given this momentum, it is natural for individuals to ponder the possibility of when or if a crypto token will emerge. Additionally, the timing of these discussions coincides with a rising interest in governance, incentives, and rewarding long-term contributors.

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Obstacles to Navigate

Numerous questions remain. The most significant is determining the token’s actual function. Absent a clear purpose, it could potentially become a distraction. Additionally, legal issues must be considered. Any violations of securities laws might hinder progress or even derail the initiative entirely. Moreover, Base needs to ensure that the process is equitable and truly benefits the individuals developing and utilizing the platform.

Community Feedback

Overall, the feedback from developers and community members has been largely positive. Some are enthusiastic about the prospect of enhanced ownership and involvement, while others are adopting a more cautious approach, waiting to evaluate Coinbase’s commitment. Thus far, the fact that these discussions are taking place openly has been viewed as a promising sign.

Future Steps

At this stage, everything remains uncertain. The Base team will need to address the particulars, including design, governance, and legal frameworks. They must also keep the community engaged and regulators apprised. If everything aligns well, Base could be on track to introduce a token that provides genuine value. However, no outcomes are assured, and considerable details still need to be resolved.

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