Coinbase: Token issuers and their affiliates will be prohibited from selling their tokens for six months.

Coinbase's token sale platform will allow select investor groups early access to new cryptocurrencies before they open for trading on its main exchange. However, the platform aims to limit asset concentration in the hands of large buyers, and token issuers and their affiliates will be prohibited from selling their holdings for six months. A Coinbase spokesperson stated that Monad, a crypto project running its own blockchain network, will be the first company to issue tokens through the platform, scheduled for later in November. The exchange plans to subsequently list all tokens launched on the new platform on its main exchange, with issuances planned approximately monthly. (WSJ)