Jeff Dorman, Chief Investment Officer at Arca, claims that Coinbase's Base blockchain project will launch its native token in the future.
Dorman suggests that Coinbase will issue dividends to each Coinbase ($COIN) stockholder in the form of the Base token and indirectly force non-crypto stockholders to create a crypto wallet on Coinbase.
Several fake Base tokens have emerged in the crypto space, taking advantage of the association with the Base blockchain project.
Coinbase has clarified that they have no plans to launch a cryptocurrency, and these fake tokens are created by bad actors.