Coinbase CEO Calls for Rethinking Token Listing Strategies Amidst Token Surge – BitRss

Brian Armstrong, CEO of Coinbase, emphasized the need to reconsider the cryptocurrency exchange’s methods for listing new coins due to the continuous influx of new tokens. He stated on the social media platform X that approximately one million new tokens are created each week, making it increasingly challenging to evaluate them appropriately.

Token Listing Process Challenges

Armstrong noted that the current listing process is struggling to cope with the rising number of tokens, and evaluating each token individually is no longer feasible. He also highlighted that the regulators’ requirement for individual approvals for each token is unsustainable.

He suggested that Coinbase should transition from a whitelist to a blacklist approach, using methods like customer feedback and automated scans on the network. Furthermore, he indicated plans to integrate decentralized exchange support more deeply.

Impact of Memecoins on Solana

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