Coinbase Global Inc. (NASDAQ:COIN) is trading at around $322 on Monday, up 4.7%, after the company announced a new digital token sales platform inspired by early crypto fundraising programs.
Coinbase reintroduces retail token offerings
According to the Wall Street Journal, Coinbase will launch a platform that will allow retail investors to purchase new digital tokens before they are listed on its exchange.
The exchange has said it plans to hold one token sale per month, and investors will be able to submit their purchase requests for a period of one week.
Next, an algorithm will allocate the tokens fairly. The first project, Monad, will be launched next week.
Token purchases must be made in USDC (CRYPTO: USDC), the dollar-backed stablecoin issued by Circle Internet Group Inc. (NASDAQ:CRCL).
Coinbase has stated that projects will be evaluated based on user interest, team track record, and token economics, while issuers will face six-month lock-ups to curb immediate selling.
The return of access to the ICO era
The new platform marks the first time since 2018 that US retail traders can participate in public token offerings.
During the 2017-2018 cycle, so-called initial coin offerings raised billions before a regulatory crackdown ended the trend.
Coinbase’s chief operating officer, Scott Shapiro, said the new model incorporates investor protection mechanisms to prevent speculative dumping and reward long-term holders.
This move expands Coinbase’s business beyond trading fees, in line with its broader goal of becoming an “all-in-one exchange” that integrates trading, custody, and capital formation.
The stock is attempting to recover the 100-day exponential moving average (EMA) near $322, its first key hurdle.
A break above $338 would confirm a short-term trend reversal and open the way towards $360-369.
If it does not remain above $300, the 200-day EMA near $297 would be exposed, with deeper support around $275.
The RSI has turned upward from the low 40s, indicating improved momentum, but not yet a confirmed trend reversal.
For investors, regaining the exponential moving average barrier remains the technical trigger for a stronger bullish continuation.
Source: Yahoo!Finanzas
