Hold onto your hats, crypto enthusiasts! Coinbase's main man, Brian Armstrong, is shaking things up in the world of digital currencies. With an avalanche of approximately one million new tokens launching every single week, Armstrong is on a mission to streamline Coinbase’s token listing process. The traditional multi-stage review, which dives deep into the purpose and tech of each token, is becoming impossible to keep up with.
Imagine a world where tokens are whisked through the listing process using customer feedback and nifty on-chain scans. Sounds like a dream, right? Well, that’s Armstrong’s vision. He suggests flipping the script from an allow list to a block list, making the approval process as smooth as a buttered blockchain.
But not everyone is onboard the Armstrong express. Justin Sun, the brains behind Tron, has some questions about Coinbase’s listing policies, especially since his TRX token has been cooling its heels in review mode for a whopping seven years! Sun wonders if TRX will ever see the light of day on Coinbase or if it’s destined to remain in limbo.
Coinbase has had its share of drama too. Take the Wrapped Bitcoin (wBTC) debacle, for instance. When Coinbase delisted wBTC, there were murmurs about favoritism towards its own tokenized BTC, cbBTC. This led to a legal showdown with BiT Global, who accused Coinbase of anti-competitive behavior.
The plot thickens as the court gears up to consider Coinbase’s motion to dismiss the lawsuit. Will Armstrong’s innovative ideas revolutionize the token listing game, or will they hit a roadblock? Only time will tell, but one thing’s for sure: the crypto world is buzzing with excitement and anticipation!
