Coinbase CEO Brian Armstrong says that the crypto exchange will need to rethink how it lists new coins for trading given the never-ending tidal stream of new tokens being created.

Coinbase CEO Brian Armstrong announced the company’s decision to reassess its token listing process due to the rapid growth of new cryptocurrencies.

The chief executive of top US-based crypto exchange platform Coinbase says that traditional finance (TradFi) institutions are about to ramp up their crypto investments.

The CEO of Coinbase, the largest cryptocurrency exchange in the United States, has proposed reevaluating the company’s asset listing process in response to the rapid surge in new token creations. In a January 24 post on X,

Coinbase (NASDAQ:COIN) co-founder and CEO Brian Armstrong said Bitcoin (CRYPTO: BTC) is “a better form of money,” advocating for its inclusion

Coinbase CEO Brian Armstrong said the exchange needs to rethink the listing process for new tokens, as around 1 million are created weekly and urged regulators to adapt their approval methods to benefit customers.