For over a year, Coinbase and its Ethereum layer-2 network, Base, pushed a consistent message: no token. The stance made sense.
Coinbase is a publicly traded company on NASDAQ under ticker $COIN , accountable to regulators and shareholders. But things are changing fast.
At BaseCamp, Jesse Pollak, head of the Base ecosystem, revealed the team is exploring a network token. That admission, made publicly for the first time, could signal a historic shift.
The timing isn’t random. Since Donald Trump took office, his administration has hinted at loosening restrictions around crypto.
For Base, that could be the opening needed to step into territory previously seen as off-limits. Building the Bridge: Base Meets Solana Pollak laid out the vision clearly.
“The goal of this bridge is to make it so you can build seamlessly across both Base and Solana with SOL, ERC-20s and SPL tokens. ” The bridge unlocks three core features: Deposit and use SOL in any Base app Import any Solana token into Base apps Export Base tokens directly to Solana That’s a two-way highway connecting two of the fastest-growing ecosystems.
It means developers aren’t siloed anymore. They can tap liquidity, users, and apps across both chains.
Not Just Another Layer-2 Plenty of L2s compete for attention: Optimism, Arbitrum, zkSync. But Base isn’t built the same.
Coinbase owns it. That makes it the first major L2 with direct ties to Wall Street investors.
That’s where the tension lies. How does a U.
S. -listed company justify launching a token?
What does that mean for compliance? For the Securities and Exchange Commission?
And for the countless projects building on Base right now? This could become the biggest legitimization of tokens in U.
S. history.
Or it could turn into the wildest regulatory test case ever. The Numbers Behind Base Despite the uncertainty, Base has exploded in growth.
The network now holds $4. 8 billion in assets and manages over 200 million addresses, according to internal metrics.
Pollak used BaseCamp to outline expansion plans, framing the potential token as a milestone in the network’s roadmap. A Base token, if approved, would cement its status not just as another scaling solution, but as a core pillar of Coinbase’s long-term strategy.
Coinbase’s Stake in the Game Coinbase CEO Brian Armstrong has often stressed that the company wants to “bring a billion people on-chain. ” Base is the vehicle for that vision.
By owning the infrastructure, Coinbase isn’t just a centralized exchange anymore. It’s becoming the backbone for apps, wallets, and on-chain economies.
A token launch would supercharge that mission. But it also raises the stakes.
Shareholders may question the risks. Regulators could scrutinize every step.
The industry will be watching. Binance Wallet Goes Live with Base Adding fuel to the momentum, Binance Wallet announced today that Base is live on its web wallet.
That means millions of Binance users can now explore and trade Base tokens directly. Base is now live on #Binance Wallet (Web)!
Explore and trade the latest Base tokens now Visit https://t.co/LFeLcYEnXK and select Base to get started. — Binance Wallet (@BinanceWallet) September 15, 2025 The integration gives Base instant global liquidity and visibility.
For developers building tokens on Base, that’s massive. A listing pipeline from Base apps → Binance Wallet could bring new projects to market at speed.
Voices Around the Ecosystem Pollak’s statement immediately set off a wave of reactions across X. Jesse Pollak himself posted about Base’s direction: welcome to BaseCamp https://t.co/62R2Wr2H54 — jesse.
base. eth (@jessepollak) September 15, 2025 Coinbase CEO Brian Armstrong echoed the message: We’re exploring a Base network token.
It could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem. To be clear, there are no definitive plans.
We’re just updating our philosophy. As of now, we’re exploring it.
https://t.co/BK3asbMpar — Brian Armstrong (@brian_armstrong) September 15, 2025 Community members weighed in, with excitement and caution. One popular thread summed it up: BREAKING: Jesse Pollak announces that Base is launching a new bridge between Base and Solana “The goal of this bridge is to make it so you can build seamlessly across both Base and Solana with SOL, ERC-20s and SPL tokens” It lets you do 3 things – Deposit and use SOL in any… pic.
twitter. com/oAIOj3ko7q — Jack (@Jack55750) September 15, 2025 The conversation reflects the moment.
Is this the legitimization everyone has been waiting for, or a step into uncharted regulatory waters? If Base does launch a token, it won’t just be another asset on CoinMarketCap.
It could mark a turning point in how U. S.
companies approach on-chain networks. Coinbase’s involvement guarantees mainstream attention—and regulatory heat.
For developers, the Solana bridge makes Base a more attractive hub. For users, Binance Wallet integration makes Base tokens easier to access.
And for policymakers, this could become the case study they use to redefine token rules in America. One thing is clear: Base isn’t backing down.
The question now is whether regulators, shareholders, and users are ready for what comes next. Disclosure: This is not trading or investment advice.
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