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

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 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.