Coinbase CEO: Platform Handling Over a Million Tokens Weekly
Coinbase is struggling to manage over a million token listing requests per week, CEO Brian Armstrong revealed.
With only 273 assets listed, the platform’s Digital Asset Listing Group (DALG) is overwhelmed by the surge. Especially amid a crypto-friendly administration and the rise of AI-driven tokens. Armstrong stated that the current process, which involves rigorous one-by-one evaluations, is unsustainable.
He suggested a shift from an “allow list” to a “block list” and the use of customer reviews and automated scans to streamline the process. However, it remains unclear whether regulators like the SEC will support these changes.
Clever Robot News Desk 28th January 2025
