Coinbase Execs for assembly on Thursday to clarify the reason for its inability to include some symbols “organized exchange”
Earlier in the day, Coinbase executive officials Jesse Pollack and Paul Ghroul made X (previously on Twitter) to address one of the topics that brought a great reverse reaction on the stock exchange – the arbitrary imagination of the standards of the distinctive symbol list.
According to their posts X, both executives are frustrated by frustration builders from their inability to the list on the stock exchange. It is also implicitly that they are working on a plan to make things better, which they promised to participate in a meeting that is expected to be held on Thursday at X.
Coinbase is the leading Exchango Crypto in North America, but it has faced a recent violent reaction from users for various reasons that affect their experience, including solving Solana network transactions.
Coinbase’s executive officials are why they were unable
According to Paul Ghroul, “Coinbase’s lists team wants to include any symbol that raises builders, regardless of the series on which it appears.”
The only thing that prevents them is the fact that they are an organized exchange, which means that there is a distinction between what they want to include and what they are allowed to include under the law.
Organized exchange, Coinbase must comply with SEC systems, which prevent them from including digital assets that the regulator considers securities.
“I know this is not always clear, and it frustrates many of you as much as it frustrates us,” “Grewal Add Before mentioning the next meeting.
Grewal and Polak You want everyone to know that the team realizes the lack of clarity and frustration and they are committed to making the process better.
One of the most vocalists of Coinbase menu is Justin Sun of Tron. The long -term episode reached her head when Coinbase deleted WBTC from WBTC because of her association with JUSTIN Sun, which the stock market considers “dangerous”.
Meanwhile, Sun insists that the WBTC exchange because he wanted to promote his CBTC.
What the co -founder of Coinbase said about the inclusion of symbols
Brian Armstrong, co -founder of Coinbase, also admitted the insertion of the company.
On the one hand, organized exchanges, Coinbase must comply with SEC rules, which they restrict them to include some digital assets that are securities.
On the other hand, the stock market is struggling with the listing process while trying to determine what to be included and what should not be included without violating any regulatory requirements.
In a recent tweet, Armstrong expressed her desire to rethink the stock exchange process, given that more than a million symbols are being created within a week now.
“The high -quality problem should be, but the evaluation of each one after the other is no longer possible,” he wrote. “Organizers need to understand that applying for approval for each one is completely not completely possible at this stage (they cannot do 1 million a week).”
Armstrong suggested that the organization needs to move from the “allowing the ban list, take advantage of the customer reviews/automatic surveying of ONChain data and so on to help customers search.”
“This will continue to integrate the original Dex support in a deeper way. Customers should not need to know or care if the trade is on Dex or CEX,” Add.
With Donald Trump in power and friend SEC for encryption in place, it makes sense that Coinbase is also preparing for a superior study. Part of its plan may be the relaxation of listing criteria while removing more organizational clarity restrictions.
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