Coinbase Exchange Files to Trademark Crypto Jargon BUIDL
Coinbase, one of the leading cryptocurrency exchange in the crypto industry, continues to make headlines in the cryptocurrency space. This time, the cryptocurrency exchange is in the limelight because of the term "BUIDL".
BUIDL, is one of the common terms used in the cryptocurrency world. It 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 term "HODL" stands for "Hold on for Dear Life" which means holding Bitcoin and other cryptocurrencies instead of selling them.
Coinbase is all set to get a new trademark approval for "BUIDL"
On the other hand, Coinbase is all set to get a new trademark approval for "BUIDL". The leading cryptocurrency exchange has submitted the request to get an approval for the misspelled word "BUILD" trademarked as 'BUIDL'. The cryptocurrency community is not very happy about this.
The request for the trademark was submitted on October 02, 2018 to the commissioner for trademarks by Coinbase. The application submitted by the Californian based crypto exchange was in regard to the 'Software as a service (SAAS)' services. The official announcement read as;
"International Class 042: Software as a service (SAAS) services featuring software for transactions using virtual currency, namely, software for managing, buying, selling, storing, transacting, exchanging, sending and receiving virtual currency; Providing temporary use of non-downloadable computer software for use in accessing, reading, tracking, trading and using tokens via blockchain technology."
they would be launching their own agency-only Over the Counter (OTC) trading platform.
In a recent announcement, the company revealed that they would be launching their own agency-only Over the Counter (OTC) trading platform. The OTC will be acting as a complementary addition to the exchange platform. Additionally, reports also point out that Coinbase has added Paypal as one of their options for fiat withdrawal services.