Coinbase, the largest crypto exchange in the US, is revisiting its token listing strategy to address challenges posed by the rapid surge in new cryptocurrency launches.
This move comes as the crypto ecosystem sees unprecedented growth in the number of tokens entering the market.
Coinbase Faces Hurdles as Weekly Token Creation Reaches 1 Million
On January 26, Coinbase CEO Brian Armstrong announced that the platform would reassess its token listing procedures. He highlighted that the exchange cannot manually evaluate every token before listing because approximately 1 million tokens are created each week.
This challenge is not limited to exchanges. Armstrong noted that regulators would struggle to vet tokens at such a pace.
“We need to rethink our listing process at Coinbase given there are ~1m tokens a week being created now, and growing. High quality problem to have, but evaluating each one by one is no…
