Brian Armstrong, who heads the largest crypto exchange in the United States, Coinbase, has suggested a rethink of the company’s token listing process to respond to the incredibly high number of digital currencies being created every week.
According to the crypto executive, approximately one million tokens are launched weekly, making it impossible to evaluate each individually.
The Listing Process
Usually, Coinbase puts new assets through a multi-stage process. First, a crypto project requests a review, providing detailed information about the token, including its purpose, technology, and the team behind it.
Next, the review is performed, with the Coinbase team running an initial assessment to make sure the token adheres to its listing criteria. They then perform a more in-depth analysis, examining the asset’s use case, market demand, and regulatory compliance, after which projects that pass are listed and moved into trading mode when they fulfill liquidity conditions.
However, give
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