Coinbase CTO Clarifies That The Firm Will Not Trademark the Word BUIDL

Earlier on in the day, there were news reports that the American cryptocurrency exchange of Coinbase had intentions of trademarking and owning the term BUIDL. The term is an intentional misspelling of the word build that has been popularized by developers building on the blockchain. The CEO of Binance, Changpeng Zhao, has used the term several times to explain to the crypto community that the best thing to do during a bear market, is simply to keep BUIDLing.

Crypto community members have even proposed that BUIDL should replace HODL as can be seen in the following tweet by @KoroushAK.

The Trademark Application By Coinbase

The application to the Commissioner for Trademarks in the United States is available online and it clearly states that Coinbase Inc, a corporation of Delaware (USA), is the sole applicant wishing to trademark the word BUIDL.

Coinbase CTO Clarifiesthat the Firm Will Not Trademark BUIDL

Talk on twitter of Coinbase trademarking the word has caught the attention of the firms Chief Technology Officer, Balaji Srinivasan.

Mr. Srinivasan has in turn clarified via twitter that the firms CEO Brian Armstrong and himself, do not believe in trading such words that obviously belong to the crypto and blockchain communities.

His tweet can be found below.


Mr. Srinivasan also explained that the firm had no intention of preventing the community from using the term.

In more detail: the team had no intention to prevent the community from using it. There had been thought of a feature named Coinbase BUIDL and they didnt want to attract patent trolls for a common term. Was 100% defensive filing.

What are your thoughts on the initial report of Coinbase trademarking the word BUIDL? Do you agree with the firms CTO that such unique words belong to the crypto community? Please let us know in the comment section below.

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the authors and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post Coinbase CTO Clarifies That The Firm Will Not Trademark the Word BUIDL appeared first on Ethereum World News.

07.12.2018 / 05:20 13
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