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Coinbase CHIEF EXECUTIVE OFFICER Says Surge in New Tokens Making Evaluations Harder


(Bloomberg)– Coinbase Global Inc.’s chief executive officer claimed the firm requires to reconsider just how it details and assesses the multitude of brand-new symbols obtaining developed weekly.

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“There are ~1m tokens a week being created now, and growing,” Coinbase CHIEF EXECUTIVE OFFICER Brian Armstrong claimed in a message on X. “High quality problem to have, but evaluating each one by one is no longer feasible.”

Regulators likewise require to reassess the authorization procedure, provided the rise in token production task. Armstrong recommended a change to a block checklist from an enable checklist, in addition to making use of testimonials and scans of on-chain information to assist consumers arrange with the quantity.

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