Coinbase to Overhaul Listing Policies: A Million Tokens and Counting!

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Attention crypto enthusiasts and token collectors! Coinbase, the leading U.S. exchange, has announced a major overhaul of its listing policies. Why, you ask? Well, with a staggering one million new tokens launching every week, evaluating each one is like trying to find a needle in a haystack the size of a small country. 😱

According to Coinbase CEO Brian Armstrong, it’s time to ditch the “allow list” and embrace the “block list.” In his own words, “We need to utilize customer reviews and automated scans of on-chain data to help customers sift through the digital deluge.” And let’s not forget about deeper integration of native DEX support, because who doesn’t love a good acronym? 🤓

Of course, Coinbase has a “rigorous asset evaluation process” conducted by the Digital Asset Listing Group (DALG). You know, because calling it the “Digital Asset Evaluation Squad” would just be too cool. 😎

As of now, Coinbase supports a whopping 271 assets and hundreds of trading pairs. But hey, who’s counting? Oh right, Coinbase is. A million times over. 🤯

Inflation: It’s “Off the Charts,” They Say

Enter financial commentator Peter Schiff, a man who’s never met a crypto market he couldn’t criticize. His response to Armstrong’s announcement was a predictable dig at the crypto market, claiming that the inflation rate of crypto tokens is “off the charts.”

“Almost all of these tokens are virtually identical to Bitcoin in all the ways that really matter, including a hard cap on their individual supply,” Schiff said. Well, if by “identical” he means “indistinguishable from a bowl of digital alphabet soup,” then sure, Peter. You keep on keeping on. �� ABCDEFG…ZZZZZ…

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2025-01-26 15:23