- Coinbase CEO Brian Armstrong said 1 million new tokens are created weekly.
- He said regulators need to know that it’s not “feasible” to evaluate each one for listing.
- Armstrong suggested a shift to a “block list” for crypto listings to streamline the process.
The CEO of Coinbase says that a million new crypto coins are created every week, and it’s becoming hard to evaluate them all.
Coinbase is a popular cryptocurrency trading platform that has allowed users to trade cryptocurrencies such as bitcoin and dogecoin since 2012. The company has seen enormous growth since going public in 2022 and is now worth $74 billion.
Coinbase, like all cryptocurrency exchanges, uses an application process for new currency listings that evaluates the coin based on the company’s own digital-asset framework.
“High-quality problem to have, but evaluating each one by one is no longer feasible,” Coinbase CEO Brian Armstrong…
