Coinbase CEO Brian Armstrong announced the need to rethink the company's token listing process due to the rapid creation of approximately 1 million new tokens weekly. Armstrong suggests shifting from an allow list to a block list, utilizing customer feedback and automatic on-chain data scanning for screening. Additionally, Coinbase plans to enhance native DEX support, allowing users to trade without distinguishing between DEX and CEX platforms.

BlockBeats News, January 26th, Coinbase CEO Brian Armstrong posted on X, stating: "Given that about 1 million new tokens are being created weekly, with no signs of slowing down, we need to rethink Coinbase's listing process. While there are indeed valid quality concerns, individually evaluating each one is no longer practical. Regulators need to understand that approving each one is also completely infeasible (they can't handle 1 million a week). It needs to move from an allow list to a block list and leverage customer feedback/automatic scanning of on-chain data to assist with screening." Furthermore, Coinbase will continue to further integrate native DEX support. Users will not need to know or care whether a trade is happening on a DEX or CEX."

Coinbase CEO Proposes Changes to Token Listing Process Amid Surge in New Tokens

Coinbase CEO Proposes Changes to Token Listing Process Amid Surge in New Tokens