Coinbase Chief Executive Brian Armstrong has warned that the explosion in new digital tokens, now topping roughly one million a week, is challenging the exchange’s ability to vet projects before listing.
Writing on X, Armstrong called the surge a “high-quality problem,” but admitted the traditional one-by-one review model is no longer tenable.
The recent flurry of so-called “memecoins” on blockchains such as Solana underscores the trend, with many smaller tokens springing up in rapid succession and finding instant traction among speculative traders.
Armstrong urged regulators to revisit their approach, suggesting a switch from an “allow list” to a “block list,” complemented by automated on-chain reviews, to help users sort through the ever-expanding field of tokens.