Coinbase’s CEO Brian Armstrong says that encryption exchange should retake how to list a new coin for transaction, given the endless new token flow.
Armstrong posts too many coins and appropriate evaluations in the social media platform X, and it is now “completely impossible” to apply regulatory clarity individually.
“We need to rethink the list process in Coinbase, which has a ~ 1 million tokens a week. There is a high quality problem, but evaluating each one by one is no longer realized. And at this point, regulators must understand that it is completely impossible to apply for each approval (they can’t do a million a week).
From the allowable list, go to the block list and use automatic scanes such as customer review/on -chain data to help customers to system.
And we will deeply integrate basic DEX support. Customers do not need to know whether a transaction occurs in DEX or CEX (Central Exchange) or nerves. ”
According to coinbase.com, there are 271 assets in the transaction, but the number of tokens generated daily is soaring exponentially.
Coinbase Director Conor Grogan reports that the encryption space has at least 100 million tokens by the end of the year.
Armstrong also admitted that last week, Coinbase was exposed to Memecoins in Solana (SOL).
“The team is working hard to expand Solana INFRA -there have been many Solana activities for the last few days, but we didn’t expect this level.
It is a scaling challenge to maintain the Solana chain (recent surge). Customer funds are 100% sponsored and thankful by Deloitte. The team is working hard to solve it. ”
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