The Base protocol’s leader, Jesse Pollak, stated that he hopes Coinbase would list as many tokens as possible, including those from other blockchain networks and Base. In order to list as many tokens as possible, the Coinbase Assets team is also expanding and enhancing it methods.
In the X post, Jesse Pollak states that any and all tokens like additional day 1s, slow cookers, memes, networks, culture, defi, and usefulness etc, all tokens need to get listed.
He adds, “In the current model there’s scarcity and we need abundance. Top priority.”
Coinbase’s Token Listing Policies
In response to the increasing demand for a wider variety of cryptocurrencies, Coinbase has been gradually adding more tokens to its roster.
Coinbase hopes to satisfy institutional and retail investors who are looking for a variety of digital assets by introducing additional tokens to its platform. Before listing, the exchange thoroughly assesses each coin to make sure it satisfies specific security and compliance requirements.
This strategy helps preserve Coinbase’s standing as a trustworthy and regulated platform while also fostering user trust. Market players are drawn to the listings, which frequently result in higher trading volume and price volatility for new tokens.
Coinbase’s dedication to innovation and giving its clients access to the quickly changing world of digital currency is demonstrated by its ongoing increase of token listings.
Also Read: Coinbase Requests U.S. Law Makers To Remove The Restrictions On Banks For Crypto Services
Jesse Pollak’s New Request Comes as a Response to Previous Coinbase Listing Procedure Change
Jesse Pollak’s request to list an abundance of tokens comes after Coinbase head had previously stated that the platform might look into changing its listing procedure.
Given that around one million tokens are issued every week and that number is still rising, Brian Armstrong had previously said that the platform needed to reconsider its listing procedure.
Armstrong had stated that the major problem however it that is no longer possible to evaluate each and every token separately. He had also urged that the regulators must also realize that it is currently completely impossible to request approval for each one.
Additionally, he suggested that to assist customers in sorting through, the platform must transition tokens from an allow list to a block list and use automated scans of on-chain data and customer reviews.
Along with that, the platform aims to keep further implementing native DEX support.