Brian Armstrong proposed new listing criteria for the crypto tokens on the Coinbase exchange, as millions of tokens are taking birth every month in the crypto sector.
Brian Armstrong is CEO of Coinbase, a US-based top crypto exchange. This crypto exchange also provides crypto services in non-US jurisdictions via its subsidiaries. Many top US government agencies use Coinbase’s blockchain tools to fight against bad actors involved in the crypto space.
On 26 Jan 2025, Brian Armstrong took to X (formerly Twitter) to address the challenges faced by the Coinbase team in listing new crypto tokens.
Armstrong said that nearly 1 million tokens per week are taking birth in the crypto sector, so practically it is not possible for the Coinbase team to study each crypto token in detail.
The Coinbase CEO said that exchanges & regulators should block bad token lists so that the listing approach becomes more manageable.
Furthermore, he suggested the integration of decentralized crypto exchanges (DEX) & centralised crypto exchanges so that crypto traders can easily trade the best tokens without knowing the origin of the actual trade location & exchanges can detect bad crypto tokens automatically by the integrated tools.
Now it will be interesting to see how the other crypto exchanges will respond on this matter and also what will be the response by the regulatory bodies over such challenges.
Tron founder against Coinbase
Justin Sun, the founder of Tron ($TRX) Cryptocurrency, responded to the Coinbase CEO’s opinion and indirectly criticised the Coinbase team.
Justin said that Tron has been under Coinbase’s listing review for the last 7 years, even though TRX coin purchased by US President Donald Trump’s crypto investment group & also $TRX ETF product is nearing.
Coinbase under regulatory scrutiny
Coinbase exchange is known to provide crypto services under a highly regulatory environment, but this exchange has been under huge legal hurdles.
In June 2023, the United States Securities and Exchange Commission (SEC) sued Coinbase for providing Crypto trading services. The SEC body alleged that Coinbase violated the Securities Act by providing crypto services, as the majority of the cryptocurrencies were unregistered securities under the purview of the agency.
Read also: New Crypto regulation will provide benefits for US-based crypto tokens: Report
