Brian ArmstrongThe CEO of Coinbase
$ 4.74b
In January 26 Publication in Xhighlighted the overwhelming number of new tokens that are introduced“Open a million every week.” He said: “We need to rethink our listing process in Coinbase, since ~ 1 million tokens per week and growing are created.”
Armstrong believes the The traditional method to review tokens individually is no longer practical.
Did you know?
Subscribe: We publish new cryptography explanatory videos every week!
Dex vs CEX: Which is better for you? (Explained with animation)
Currently, Coinbase Use a detailed research process to list new tokens. A dedicated team evaluates each digital asset to ensure that it complies with legal, compliance and security standards before being available to users.
Armstrong acknowledged that while this process has worked in the past, the The great volume of new tokens makes it more difficult to keep up.
To address this, he proposed a new strategy. Instead of reviewing the tokens before listing them, coinbase would allow all tokens by default. Tokens could be eliminated if problems arise, such as revisions of poor users or suspicious activity in the chain.
Armstrong too Regulators urged to reconsider their requirementsDeclating: “Regulators must understand that requesting the approval of each one is also totally unfeasible at this time.”
Recently, Coinbase sought a clarification of a Court of Appeals of the USA. UU. On whether cryptographic operations are classified as values. How was it? Read the complete story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been summoned by multiple established means and is an author published. Even during his free time, he likes to investigate market trends and look for the next Supernova.
