Coinbase, the largest encryption exchange in the United States, is reviewing the symbolic insertion strategy to meet the challenges offered by the rapid increase in new cryptocurrencies.
This step comes at a time when the ecological coding system sees unprecedented growth in the number of symbols that enter the market.
Coinbase faces obstacles with the arrival of the creation of the premium weekly symbol to one million
On January 26, Coanbase Brian Armstrong announced that the platform will re -evaluate the actions of the distinctive symbol list. He highlighted that the exchange cannot evaluate each symbol manually before inserting because approximately one million icons are created every week.
This challenge is not limited to exchanges. Armstrong noted that the organizers will fight to examine the distinctive symbols at the pace of such pace.
“We need to rethink our Coinbase’s insertion due to the presence of 1 meters long a week, and growth. You have a high -quality problem, but the evaluation of each one after the other is no longer possible. The organizers must understand that applying for approval Everyone is not completely possible at this stage as well (they cannot do 1m per week), “” He said.
To address these issues, Armstrong suggested a transformation from the traditional “allowance” model to the “block list” approach. This system will use automatic data scanning processes on the chain and community comments to determine and exclude risky symbols. Armstrong believes that this simplified process enables the organizers to focus on eliminating harmful origins without feeling exhausted.
Meanwhile, Coinbase also plans to deepen its integration with dexes. Armstrong stressed that this step aims to simplify the trading process for users, eliminating concerns about whether transactions are taking place on central exchanges (CEXS) or Dexs.
“We will continue to integrate the original DEX support in a deeper way. Armstrong concluded that customers do not need to know or care if the trade occurs on DeX or CEX.”
The increase in the creation of the distinctive symbol highlights the urgent need for such changes. Connor Garugan, Coinbase’s executive official, recently Detected The encryption market now hosts more than 36 million symbols, and is expected to reach 100 million by 2025. By comparison, Altco Boom 2017-2018 was characterized by less than 3000 symbols.
In fact, Meme currencies have contributed significantly to this growth. Pits such as Solapump based on Solana Pump.fun and Tron have been a democratic symbolic launch, making the process easier for encryption users. According to Dune Analytics, POMP.fun has facilitated the creation of more than 6 million symbols since its launch last year.
Disintegration
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