Coinbase CEO: Given the large number of newly created tokens, we need to reconsider the listing process and will continue to deeply integrate native DEX support.
Coinbase CEO Brian Armstrong posted on X, stating: "Given that approximately 1 million tokens are being created each week and this number continues to grow, we need to rethink Coinbase's listing process. The issue of quality certainly exists, but evaluating each one individually is no longer feasible. Regulators need to understand that it is completely impractical to seek approval for each one (they cannot handle 1 million per week). It needs to shift from an allow list to a block list, utilizing customer feedback and automated scanning of on-chain data to help customers filter. Additionally, we will continue to integrate native DEX support more deeply. Customers do not need to know or care whether the transaction is occurring on a DEX or a CEX."
Coinbase CEO: Given the large number of newly created tokens, we need to reconsider the listing process and will continue to deeply integrate native DEX support.
Coinbase CEO Brian Armstrong posted on X, stating: "Given that approximately 1 million tokens are being created each week and this number continues to grow, we need to rethink Coinbase's listing process. The issue of quality certainly exists, but evaluating each one individually is no longer feasible. Regulators need to understand that it is completely impractical to seek approval for each one (they cannot handle 1 million per week). It needs to shift from an allow list to a block list, utilizing customer feedback and automated scanning of on-chain data to help customers filter. Additionally, we will continue to integrate native DEX support more deeply. Customers do not need to know or care whether the transaction is occurring on a DEX or a CEX."
