In a November 5 announcement, Coinbase presented an integrated platform for token issuers covering sales, distribution, exchange listings, custody, wallets and liquidity. The company cited Monad, Ethena and Hyperliquid as examples, including a public MON sale that reportedly attracted more than 85,000 buyers across more than 70 countries. The integration aims to reduce duplicate work and operational handoffs, but it also increases dependence on a single provider. The real value of these services will still depend on fees, custody arrangements, geographic restrictions, regulatory compliance and the operational risks specific to each project.
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