Coinbase, one of the leading cryptocurrency exchange in the market, continues to make a buzz in the cryptocurrency space. This time, the exchange is in the limelight because of the term “BUIDL”.
BUIDL, is one of the common terms used in the cryptocurrency space, which refers to building real-world use cases. The term’s most common use phrase is “BUIDL, not HODL”, which is used by several cryptocurrency influencers. The other term used is “HODL” that stands for “Hold On for Dear Life”, referring to holding Bitcoin and other cryptocurrencies instead of selling them.
Coinbase has made a filing with the United States Patent and Trade Office [USPTO] with the intention of gaining the trademark for the popular term.
Francis Pouliot, a Cypherpunk maximalist says:
“Coinbase just filed to trademark BUIDL for software related to cryptocurrency. Pathetic’
Ameero, a Twitterati said:
“Seriously not the way to win over the crypto community.
@coinbase Coinbase could have gained a lot more support from its customer base by listening to them. From segwit to BCH and now these IP chasing tactics #Buidl is for the people -“
Bryan Lerardi, another Twitterati said:
“Well, I suppose that’s one way to stop people from saying it.”
Recently, the company announced that they would be launching their own agency-only Over the Counter [OTC] trading platform. The reason for this step is revealed to be the demand from the customers. The OTC will be acting as a compliment to the exchange platform.
Additionally, reports point out that Coinbase has added PayPal as one of their options for fiat withdrawal services. The currencies supported for this services include US Dollars, Euro, and the British Pound. Along with this, it is also believed that the exchange will be offering this service free of charge.