Coinbase announces a change in the token listing process
The post Coinbase announces a change in the token listing process appeared on BitcoinEthereumNews.com.
Brian Armstrong, CEO of Coinbase, highlights the need to renew the token listing process. With an exponential increase in the creation of new assets, the company explores innovative solutions to simplify and optimize operations. Let’s see all the details in this article. With over a million new tokens created per week, Coinbase pushes for a more efficient and automated listing approach As anticipated, the CEO of Coinbase, Brian Armstrong, has made an appeal to review the token listing process of the exchange. This intervention is part of a rapidly growing sector, with about a million new tokens created every week. The goal is to adapt to an ever-evolving landscape, while ensuring transparency and efficiency. In a recent post published on January 24, Armstrong emphasized that the current manual approach for evaluating and listing new assets is no longer sustainable. Coinbase, the largest cryptocurrency exchange in the United States, uses a multi-stage process that includes initial review, due diligence and compliance checks. However, the surge in the creation of new tokens makes this method unsuitable for the current pace. Armstrong has proposed a shift from a model based on lists of allowed tokens to one founded on blocks, integrating automated tools such as on-chain scans and user feedback: “We can no longer manually evaluate each token. A more pragmatic and scalable approach is necessary.” Debates and criticisms from industry experts The statements by Armstrong have fueled the debate among industry experts. Justin Sun, founder of Tron (TRX), has harshly criticized Coinbase’s listing policies, accusing the exchange of a lack of fairness. Sun emphasized that, despite Tron being among the top ten cryptocurrencies by market capitalization, it has been excluded from Coinbase for over seven years. An even more serious accusation came on November 4th, when Sun claimed that Coinbase would charge…
Filed under: News - @ January 27, 2025 10:25 am