Coinbase plans a fundamental realignment of his token listing process in order to be able to keep up with the explosive growth of new cryptocurrencies.
• Coinbase CEO wants to revise token listing
• Criticism of the current listing guidelines
• Coinbase CEO considers the long-term Bitcoin price in the millions as possible
Coinbase-CEO: token listing must be revised
On January 26, 2025, Coinbase CEO Brian Armstrong announced via X that the company would revise its token listing process. The reason for this is the exponential growth of new cryptocurrencies – with around one million new tokens per week, a manual assessment is no longer practical. Instead of the previous “Allow-List” approach, Coinbase is now considering a “block list” model, supplemented by automated on-chain data scans and customer reviews in order to offer users better orientation in the growing token market.
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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 Longer Feasible. And regulators need to understand that applying for approval for each one is…
– Brian Armstrong (@brian_armstrong) January 26, 2025
So far, Coinbase has followed a multi-stage test method that includes DUE diligence tests and regulatory requirements. However, Armstrong considers this method to be sustainable and called on the regulatory authorities to develop more pragmatic strategies for managing the constantly growing number of cryptocurrencies.
According to CoinmarketCap, Armstrong’s announcement was made against the background of regulatory discussions, especially in connection with the new US government. At the World Economic Forum in Davos, he also spoke about the possible effects of the Trump administration on the crypto sector.
Criticism of Coinbase
Tron founder Justin Sun also criticized the current listing guidelines from Coinbase, as reports coinmarketcap. Although Tron (TRX) is one of the ten largest cryptocurrencies, it has been in the test process for seven years without being listed. Sun also accused Coinbase of demanding excessive fees for token listings and claimed that $ 330 million had been requested for the inclusion of TRX.
“This has nothing to do with Trx himself, but rather reflects the loss of the most fundamental fairness and the industry judgment at Coinbase when it comes to new listings,” Sun replies to Armstrong’s contribution.
In response to the challenges in the listing process, Armstrong also announced that it would strengthen the integration of Coinbase with decentralized stock exchanges (Dexs). He pursues the vision that users will no longer have to distinguish between centralized (CEXS) and decentralized stock exchanges in the future, which should simplify the crypto trade experience.
Meanwhile, the well-known financing of Peter Schiff criticized the inflation of new crypto tokens as “extraordinary” and argued that many token Bitcoin resembled in essential aspects, which could harm their value.
So much for the idea of ”limited supply.” The inflation rate of digital tokens is off the charts. ALMOST all of these tokens are virtually identical to Bitcoin in all the way that real matter, including a hard cap on their individual supply.
– Peter Schiff (@peterschiff) January 26, 2025
Coinbase, which currently listed 271 assets and hundreds of trading pairs, has been criticized in the past due to suspicious trade volumes of token listings, which caused concerns about possible insider trade, according to Coinmarketcap.
However, despite regulatory challenges, the company continued to focus on legal compliance and improvements in the evaluation process. The planned changes are therefore intended to ensure that Coinbase asserts itself as an effective and compliant platform in the changing cryptol landscape.
Brian Armstrong with Bullisher Bitcoin forecast
At the World Economic Forum in Davos, Brian Armstrong also optimistically commented on the future of Bitcoin and the cryptom market. Against the background of Donald Trump’s head of office, he spoke to CNBC of a “new age for crypto” and criticized the past bidue government, which in his opinion was hostile to the industry. He announced that he is increasingly working for clear and transparent crypto regulation.
When asked about a possible new all-time high for Bitcoin, Armstrong said that cryptocurrency had experienced an “incredible growth” and that he would expect an increase to several million US dollars in the long term.
Armstrong emphasized that Bitcoin was increasingly accepted by institutional investors and that the introduction of ETFs led to strong capital inflows. In his view, clear legal regulation in the United States would be a decisive factor for further growth.
In addition, Armstrong spoke to several financial ministers worldwide about the possibility of a national Bitcoin reserve. In view of the current US debates, the concept is becoming increasingly important. If the US government is taking Bitcoin in its reserves, other G20 countries would probably also follow.
Editor finance.net
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