ICOs return.

Coinbase launched a new token platform that allows verified U.S. users to participate directly in early token distributions. For years, this space was dominated by Discord groups, Telegram channels, and unverified presales that often led to pump-and-dump schemes.

By moving this process on-chain and under regulation, Coinbase is formalizing what was once the gray area of token launches. It provides teams with a compliant way to engage with genuine users and sets a standard for how community distributions can operate.