The CEO of Coinbase, the largest cryptocurrency exchange in the United States, has proposed reevaluating the company’s asset listing process in response to the rapid surge in new token creations. In a January 24 post on X,

Coinbase CEO Brian Armstrong announced the company’s decision to reassess its token listing process due to the rapid growth of new cryptocurrencies.

Coinbase CEO Brian Armstrong says that the crypto exchange will need to rethink how it lists new coins for trading given the never-ending tidal stream of new tokens being created.

Coinbase CEO Brian Armstrong calls for a new token listing process to address the creation of 1 million tokens per week.

Coinbase CEO Brian Armstrong said the exchange needs to rethink the listing process for new tokens, as around 1 million are created weekly and urged regulators to adapt their approval methods to benefit customers.

The chief executive of top US-based crypto exchange platform Coinbase says that traditional finance (TradFi) institutions are about to ramp up their crypto investments.

Donald Trump’s recently launched meme coin forms part of a massive influx of crypto tokens to the market that the industry is struggling to cope with, leading figures have warned. Coinbase CEO Brian Armstrong, who heads one of the world’s largest cryptocurrency exchanges, revealed that around 1 million new tokens are being created every week.