Coinbase CEO calls for crypto listing reform as 1 million tokens flood market weekly
Brian Armstrong, CEO of Coinbase, advocates for a revamp of the token listing process due to the rapid growth of cryptocurrencies and limitations of traditional evaluation methods. Approximately 1 million new tokens are created weekly, overwhelming current centralized approval systems. Armstrong suggests implementing a block-list system that assumes tokens are accessible by default unless flagged as harmful, utilizing user feedback and automated data scans for risk assessment. He urges regulators to adapt frameworks to address the evolving crypto landscape, emphasizing collaboration between public and private sectors to protect investors while fostering innovation. Additionally, Armstrong highlights Coinbase's plans to enhance decentralized exchange (DEX) support, aiming to provide a seamless trading experience that integrates both centralized and decentralized options.
