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The Coin Rise 2025-01-26 12:35:46

Coinbase CEO Calls for Overhaul in Token Listings Amidst Surging Crypto Creation

Coinbase CEO Calls for Overhaul in Token Listings Amidst Surging Crypto Creation

Brian Armstrong, CEO of Coinbase, has raised the alarm on the overwhelming surge in token creation, calling for a major revamp of the exchange’s asset listings. In a January 24 post on X, Armstrong highlighted the challenges posed by the approximately one million tokens being created every week. He argued that the current system of manually evaluating tokens is becoming unsustainable. Armstrong Advocates for a Shift to Block Listings “We need to rethink our listing process at Coinbase,” Armstrong wrote. “It needs to move from an allow list to a block list and utilize customer reviews and automated scans of onchain data to help customers sift through.” Currently, Coinbase employs a rigorous multi-step review process for token listings , including due diligence and regulatory compliance checks. However, the exponential growth of tokens has exposed the limitations of this model, pushing Armstrong to urge regulators toward adopting a more pragmatic approach. Criticism and Allegations Surface Armstrong’s comments ignited mixed reactions, with some pointing fingers at Coinbase’s existing policies. Tron founder Justin Sun criticized the exchange, highlighting that Tron (TRX), despite being a top 10 cryptocurrency by market cap, has been under review for seven years without a listing. “This reflects Coinbase’s loss of the most basic fairness and industry judgment when it comes to new listings,” Sun stated. He also accused Coinbase of demanding $330 million in listing fees, including 500 million TRX tokens and a $250 million Bitcoin deposit—a claim that Coinbase has not publicly addressed. Meanwhile, crypto influencer Ansem suggested a simpler solution. “Hire someone with real industry experience,” he said. “They can identify the 10 out of a million tokens that actually matter.” Centralized and Decentralized Exchange Integration in Focus Beyond token listings, Armstrong revealed Coinbase’s vision for a seamless integration of centralized exchanges (CEXs) with decentralized exchanges (DEXs). He anticipates a future where users “shouldn’t need to know or care whether the trade is happening on a DEX or CEX.” This statement comes amid optimism for clearer crypto regulations in the United States, driven by President Donald Trump’s administration . At the World Economic Forum in Davos, Armstrong noted that “virtually every conversation with market leaders revolved around the Trump administration’s plans for crypto.” The post Coinbase CEO Calls for Overhaul in Token Listings Amidst Surging Crypto Creation appeared first on TheCoinrise.com .

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