Coinbase CEO: Given the large number of newly created tokens, we need to reconsider the listing process and will continue to deepen the integration of native DEX support
ChainCatcher message, Coinbase CEO Brian Armstrong posted on X: "Given that approximately 1 million tokens are being created each week and that number is still growing, we need to rethink Coinbase's listing process. The quality issue does exist, but evaluating each one individually is no longer feasible. Regulators need to understand that it is completely unfeasible to approve each one currently (they cannot do 1 million each week).
It needs to shift from an allow list to a block list, and utilize customer feedback/automated scanning of on-chain data, etc., to help customers filter.
Additionally, we will continue to integrate native DEX support more deeply. Customers do not need to know or care whether the transaction is taking place on a DEX or CEX."