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International Business Times

Business

Marvie Basilan

Coinbase ERC-20 Self-Service Asset Recovery Tool Now Available On Base

Coinbase Crypto SEC

Coinbase's asset recovery tool was launched in December 2023. (Credit: Coinbase Assets on X/Screenshot)

KEY POINTS

The tool allows for the recovery of almost 4,000 eligible ERC-20 tokens sent to Coinbase mistakenly
The goal is to provide consumers with more autonomy and confidence when engaging with crypto
Coinbase seeks to make it "dead simple for users to fully own their finances"

Cryptocurrency giant Coinbase recently announced that its ERC-20 self-service asset recovery tool is now available on Ethereum layer 2 blockchain Base, addressing a prevalent issue in the industry: the recovery of unsupported tokens.

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