Brian Armstrong, who heads the largest encryption exchange in the United States, has suggested that the company’s symbolic insertion process to respond to the large number of digital currencies that are created every week.
According to Crypto Executive, approximately one million symbols are launched per week, making it impossible to evaluate each of them individually.
Inclusion process
Usually, Coinbase puts new assets through a multi -stage process. First, the encryption project requires a review, providing detailed information about the distinctive symbol, including the purpose, technology and the team behind it.
After that, the review is carried out, with the Coinbase team conducting an initial evaluation to ensure that the distinctive symbol adheres to the listing standards. Then they analyze more deep, and examine the state of use of assets, demand in the market, and organizational compliance, after which the projects that pass and transfer to the trading mode are included when they meet the conditions of liquidity.
However, given the huge number of icons that are launched, Armstrong feels that not all can be taken through this process. He also indicated that organizers cannot give up to one million weekly approval.
To solve the problem, CEO Proposal Transfer the symbols from the list of allowing a block menu using customer reviews and automatically wiping data on the chain. He also emphasized that Coinbase will continue to integrate original support for decentralized exchanges (Dexs), indicating that the users of the statute do not need to know if the trade is taking place on a central or non -central exchange.
Justin Sun Red
Armstrong’s proposal was suspended from some circles, with the founder of Tron Justin Sun interrogation Coinbase’s current listing policies. He claimed that the original TRX TRX TRX of TON was under review for seven years without being included on the platform despite being among the ten best currencies encrypted by the maximum market, hitting new levels ever, and even with the TRX Excination Traded product in the line Pipes.
“Will Coinbase ultimately include TRX after it first appeared on NYSE and Nasdaq, or will it never include it at all?” I asked for the sun.
He concluded that the failure to include the distinguished symbol was due to the lack of an American exchange to “the basic judgment and the judgment on the industry.”
Coinbase has also faced controversy in the past, especially when he invented the Bitcoin Cabbage (WBTC). While the stock market claimed that its decision was based on a strict internal review and concerns about the Sun’s participation in the project, critics accused him of disposing of his distinguished BTC product, CBBTC.
In response, Bit Global, the strategic partner of WBTC CUSTODIN BITGO, filed a lawsuit against Coinbase, claiming that the deletion was anti -competition and harmed its operations. Coinbase then sought to reject the lawsuit, claiming that there are no rules that compel her to host the assets that are risky. The court is scheduled to consider the exchange request on April 3.
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