Coinbase is rethinking its token listing procedures as well.In a Jan.24 X post, the exchange’s CEO, Brian Armstrong, said, “We need to rethink our listing process at Coinbase, given there are ~1 million tokens a week being created now, and growing.”Armstrong called for regulators to take a more pragmatic approach, adding that “it needs to move from an allow list to a block list and utilize customer reviews and automated scans of onchain data to help customers sift through.”Many of the new tokens have come from the memecoin craze, which has seen a daily issuance of around 40,000 coins or more just on Solana from November 2024 to February 2025.
Flood of new coins shaking up listing proceduresCrypto exchanges, including Binance, are retooling their listing process to account for the rise in tokens, which has boomed to over 10 million in the past three years and continues to grow.On Feb.8, 2025, the total number of coins listed on CoinMarketCap was nearing the 11 million mark.
Binance announced on March 12 that its Alpha platform has implemented a new comprehensive token review framework that will aim to remove tokens that don’t meet certain quantitative and qualitative criteria.
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Author / Journalist: Cointelegraph by Christopher Tepedino
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