Brian Armstrong, the CEO of Coinbase, has stated that the exchange needs to review its token listing process to align with the significant increase in the creation of new tokens. Currently, Coinbase’s listing process involves various stages such as initial review, detailed evaluation, and compliance with regulations. In response to these statements, Justin Sun, the founder of TRON, criticized Coinbase’s listing policies. He claimed that TRON (TRX), one of the top 10 cryptocurrencies by market value, has been under review for seven years and still not listed on the exchange. Sun also alleged that Coinbase asked him to pay $330 million to list TRX, including 500 million TRX tokens and a $250 million Bitcoin deposit. Amidst this, an anonymous crypto influencer, Ansem, suggested that Coinbase should hire an experienced individual to simplify the token evaluation process. Armstrong also mentioned Coinbase’s plans to further integrate with decentralized exchanges (DEX) and stated that in the future, customers won’t need to know whether transactions are taking place on decentralized exchanges or centralized exchanges (CEX). These changes are being implemented while Armstrong has also pointed out the potential impacts of the new Trump administration on the crypto industry. He previously stated, ‘Almost every conversation I had with major market leaders focused on Trump administration’s plans regarding crypto.’ Visit the real-time digital currency price page to see the live prices of all tokens and cryptocurrencies.
