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Jesse Pollak Urges Coinbase to List More Coins, Especially Memes

Jesse Pollak Urges Coinbase to List More Coins, Especially Memes
© Copyright Image: TronWeekly

  • Jesse Pollak, Base founder and pushes for listing as many tokens as possible, including those from Base and beyond.
  • Brian Armstrong highlighted the challenges of listing a token.

Jesse Pollak, Founder of Base, expressed his desires to expand Coinbases listings by incorporating diverse tokens from Base and other blockchains. Pollak said he was looking forward to seeing as many cryptocurrencies as possible listed on Coinbase. 

In January, he shared a post saying how  he has spent the last few months in extensive discussions with the exchanges listing team to enhance support for developers alongside Coinbases CLO, Grewal. He added that their discussion also covered topics related to regulations in the listing landscape and how it impacted on-chain builders. 

Jesse Pollak Push for More Coinbase Listings 

The Base executive, pointed out that currently, the model is based on scarcity, so he stressed on the need for an abudance mindset, early listings, gradual projects, memes, utility, culture, DeFi, and various networks. He noted that listing coins from teams with scalable products that serve real users is very beneficial for not just crypto but also Base, and Coinbase.

Pollak also emphasized the importance of including tokens from talented builders within the Base ecosystem. As of today, there are five new assets on Base, B3, MORPHO, VVV, MOG, and TOSHI. Pollak praised these coins, saying they come from outstanding builders who deserve enough recognition and support.

Co-founder and CEO of Coinbase, Brian Armstrong in a post, acknowledged the struggles with the process of listing a coin. Firstly, Coinbase as a regulated exchange, is expected to follows the SEC rules, which limit the amount of tokens it can list.

He added that the exchanges team needed to rethink the process of listing a token, given that about one million tokens are created every week and the number continues to growing. He expressed that it is a high-quality problem, as the process of verifying this tokens one after the other is not doable.  

Armstrong proposed replacing the strict approval system with a block list method, restricting problematic tokens. He also suggested leveraging user feedback and scans to properly evaluate a token authenticity. 

Armstrong Advocates for Seamless DEX Integration

Armstrong added that Coinbase would contunually integrate native Decentralized exchanges (DEX), so users can trade seamlessly without concern over whether transactions occur on a Decentralized Exchange (DEX) or a centralized platform (CEX).

Related | Is Ethereum (ETH) Losing Control? L2s Challenge Its Economic Model

Read more: https://www.tronweekly.com/jesse-pollak-urges-coinbase-to-list-memecoins/

Text source: TronWeekly

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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