{"id":9909,"date":"2025-01-27T16:48:45","date_gmt":"2025-01-27T16:48:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9909"},"modified":"2025-01-27T16:48:45","modified_gmt":"2025-01-27T16:48:45","slug":"coinbase-ceo-millions-of-tokens-launching-whats-next-for-exchanges","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9909","title":{"rendered":"Coinbase CEO: Millions of Tokens Launching, What\u2019s Next For Exchanges?"},"content":{"rendered":"
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Gone are the days when listing on Coinbase sharply moved prices. Back then, Coinbase was the most dominant crypto exchange, allowing traders, <\/span>mostly<\/span> in the United States and some parts of Europe, to swap only a few coins. Initially, before they changed tactics, Coinbase listed Bitcoin, Ethereum, Ethereum Classic, XRP, and Litecoin.<\/span><\/p>\n

Explore:\u00a0Best Mobile Crypto Wallets for January 2025<\/a><\/strong><\/p>\n

Times Are Changing: Adapt Now Says Coinbase CEO<\/span><\/h2>\n

It was known that if there were rumors of Coinbase listing a specific token, and the exchange ended up approving and eventually adding it to its coveted list, valuations would sharply rise. <\/span>That was the \u201cCoinbase Effect.\u201d L<\/span>ooking at what Brian Armstrong is suggesting, this era is now a thing of the past.<\/span><\/p>\n

Valuations are spiking, and Donald Trump wants to make America the home of this thriving industry. <\/span>As regulations shift in favor of crypto,<\/span> Armstrong is also aware of how the game has changed.<\/span> For this reason, taking to X, he thinks Coinbase should rethink its listing approach.<\/span><\/p>\n

https:\/\/twitter.com\/brian_armstrong\/status\/1883329603239899346<\/a><\/p>\n

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Acknowledging that millions of tokens are created each week, thanks in part to the expanding blockchain tech and the multiple launchpads like Pump.<\/a><\/span>fun<\/span><\/a> where thousands of tokens are launched every day, Armstrong recognizes that the way they vet and approve coins is now impractical.<\/span><\/p>\n

\"Coinbase<\/p>\n

The exchange has a six-step application process for listing new tokens. This approach, characterized by rigor, is outlined in their Digital Asset Framework and seeks to ensure that projects are <\/span>secure,<\/span> and their respective tokens comply with existing laws and market standards. Although this review process is effective, the thousands of tokens going live every week render it impractical.<\/span><\/p>\n