The post Coinbase CEO Brian Armstrong Proposes Overhaul to Token Listing Process appeared on BitcoinEthereumNews.com.

Coinbase CEO Brian Armstrong proposes token listing overhaul, merging DEX and CEX, ensuring scalability, efficiency, and a seamless trading experience. Brian Armstrong, CEO of Coinbase, has proposed significant changes to the token listing process. Armstrong pointed out the enormous volume in cryptocurrency creation with approximately 1 million new tokens appearing weekly. The current inefficacy of evaluating cryptocurrencies one by one makes traditional approaches unsustainable. Armstrong recommended the industry move away from an “allowed list” approach to implement a “blocked list” framework. Users will be able to filter high-quality tokens using both automated analysis of blockchain data and customer feedback according to his explanation about this shifting process. In a post on X, Armstrong also addressed the regulatory challenges associated with the growing token market. The total number of new digital assets makes full regulatory approval requirements unworkable for every token. Armstrong asked regulators to understand this issue while becoming open to solutions that use technology alongside user opinions. Both platforms and regulators would benefit from a more workable framework according to his position. Coinbase Prepares for Future with Adaptive Trading Solutions Armstrong described his vision which combines the capabilities of decentralized and centralized exchanges more closely. He gave his views on DEX and CEX integration which will merge and erase boundary lines moving forward. Customers will experience trading purely simplified through this integration, according to Armstrong. Platform-type distinctions will disappear since users will experience a fluid and intuitive process between both platforms. The proposed modifications show Coinbase’s strategy for enhancing customer satisfaction together with producing industry-leading solutions. Coinbase’s implementation of a “blocked list” system along with integrated decentralized and centralized exchanges monitors the existing operation inefficiencies as it gears up for future expansion. Previously, Bitget, a major crypto exchange, also revealed tightening its token listing standards to secure their customers.…

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Filed under: News - @ January 27, 2025 6:21 pm