---
title: "Coinbase launches a new platform for \"Token Pre-Purchase\" with algorithmic token allocation"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/265176503.md"
description: "According to reports from American media, Coinbase plans to launch a new platform that will allow a select group of investors to gain early access to new cryptocurrencies before they are available for trading on its main exchange. The largest cryptocurrency exchange in the United States will use algorithms to determine who can access these tokens, aiming to limit asset concentration among large buyers. Individuals who sell their tokens within a month of the token release may receive a reduced allocation in future issuances, while token issuers and their affiliates will be prohibited from selling their held tokens for a period of six months. A spokesperson for Coinbase stated that the cryptocurrency project Monad, which operates its own blockchain network, will be the first company to issue tokens through this platform, with the issuance scheduled for later in November. The exchange plans to subsequently list all tokens launched on the new platform for trading on its main exchange, with approximately one issuance planned each month"
datetime: "2025-11-10T14:27:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265176503.md)
  - [en](https://longbridge.com/en/news/265176503.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265176503.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265176503.md) | [English](https://longbridge.com/en/news/265176503.md)


# Coinbase launches a new platform for "Token Pre-Purchase" with algorithmic token allocation

On November 10th, Jinshi Data reported that according to U.S. media, Coinbase plans to launch a new platform that will allow a select group of investors to gain early access to new cryptocurrencies before they are available for trading on its main exchange. The largest cryptocurrency exchange in the U.S. will use algorithms to determine who can access these tokens, aiming to limit asset concentration among large buyers. Individuals who sell their tokens within a month after the token release may see a reduction in their allocation in future issuances, while token issuers and their affiliates will be prohibited from selling their held tokens for a period of six months. A spokesperson for Coinbase stated that the cryptocurrency project Monad, which operates its own blockchain network, will be the first company to issue tokens through this platform, with the issuance scheduled for later in November. The exchange plans to subsequently list all tokens launched on the new platform for trading on its main exchange, with approximately one issuance planned each month

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