[Coinbase CEO: Base Network Token Still in Early Exploration Stage] Coinbase co-founder and CEO Brian Armstrong stated during the Q&A session of the third-quarter earnings call that the Base network token is still in the early exploration stage, with no details yet on governance, distribution models, or specific timelines. Coinbase's overall goal is to help 1 billion people access blockchain, grow the developer community, and build an ecosystem around Base. Development will proceed in an open manner, with ongoing communication with customers, investors, and regulators.