Brian Armstrong, CEO of Coinbase exchange, announced the need to review the process of evaluating and listing tokens. He tweeted on February 4th: ‘With about a million tokens created weekly, manual assessment of all tokens is no longer feasible.’ Armstrong suggested switching the token listing process from a ‘white list’ model to a ‘black list’ model and using user feedback and automated tools to review blockchain data. These statements come as some individuals, including Justin Sun, founder of Tron, have criticized Coinbase’s listing policies and called for more transparency in this process. Armstrong also revealed Coinbase’s plans to enhance interoperability with decentralized exchanges (DEX) and assured users not to worry about the difference between trading on a centralized or decentralized exchange.
