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Crypto Exchange Coinbase Decides to Withdraw Its ‘BUIDL’ Trademark Application

Major U.S. crypto exchange Coinbase has withdrawn its application to trademark the term “BUIDL,” following criticism on Twitter.

Major United States-based cryptocurrency exchange and wallet service Coinbase has withdrawn its application to trademark the term “BUIDL.” The official status of the application was changed to “abandoned” on Wednesday, Dec. 19,  according to the U.S. Patent and Trademark Office’s (USPTO) website.

According to the USPTO’s records, the trademark application is no longer active due to Coinbase filing an express abandonment on Dec. 14.

Coinbase first filed an application to trademark the term “BUIDL” on Oct. 2. The intentionally misspelled word “buidl” refers to a cryptocurrency community concept that implies building products as a way to support the industry, as opposed to just holding cryptocurrencies as an investor.

The term is analogous with the well-established crypto…

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2018-12-19 23:05:00

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Written by Cointelegraph

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