Coinbase CEO Brian Armstrong Open To Memecoins Even If They Are ‘Low Quality:’ ‘We Believe In Free Market Capitalism’

Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ:COIN), said the cryptocurrency exchange would follow a market-driven strategy for meme coins, allowing users to trade even “low quality” tokens if they desired.

What Happened: Armstrong took to X, emphasizing the importance of customer choice and transparency in response to a surge in meme coin launches.

“We believe in free market capitalism. If our customers want it, and it’s legal, we aim to let them make that choice for themselves,” Armstrong said.

The top executive of America’s largest cryptocurrency trading platform added that their role is to provide users with the best available information to make informed decisions, rather than to “play judge and jury” in recommending specific investments.