Coinbase, the largest encryption exchange in the United States, is wrestling with an unprecedented flood of new symbols. JustifyATForm CEO, Brian Armstrong, seemed to alert X (Twitter) today.
he He said“There is ~ 1m symbols a week are created now, and they grow. It was called” high -quality problem “but he admitted that the traditional approach of the company in the symbolic evaluation is no longer sustainable.
Coinbase has reviewed the new symbols individually a while ago, but Armstrong said that the process was simply inappropriate in this environment. He said:
The organizers need to understand that applying for approval for each one is not completely possible at this stage as well (they cannot do 1 million per week). It needs to move from the list of the ban list, and the use of customer reviews/automated data surveying on the data on The series and so on to help customers search.
In addition, Coinbase will continue to integrate the support of the original decentralized exchange in a deeper way. “Customers should not need to know or care whether the trade occurs on DeX or CEX,” Brian added.
The encryption market explodes in the wake of the re -election of Donald Trump. Bitcoin rose to $ 109,000 last week, and has gained more than 50 % since November.
Trump nourishes the Great encryption with new policies
A few days after his new mandate, Trump signed an executive designed to enhance the adoption of digital assets in the United States. The matter set the main priorities, including the protection of bitcoin and developers miners, promotion of dollar stability, and a ban on any digital dollar issued by the Federal Reserve.
On the weekend that preceded its opening on Monday, the first lady Melania Trump launched the Mimi coins – the first for any president ever. While the decision is the happiest investor, others are concerned that it may enhance the perception of encryption as speculation and unstable.
Since then, Trump has doubled his support, floating on the idea of creating the American Bitcoin Reserve. Critics argue that such a reserve will be fraught with risks, given the bitcoin fluctuations, but it seems that Trump appears to be unwanted.
“Trump’s presidency is a dream that has become a reality for the encryption industry,” He said In a recent interview. He described the past few days as transformative, saying: “I do not think they could have imagined a better result than they just got during the past 48 hours.”
“In the past four years, we have really felt that we were attacked by this administration,” said Brian Armmarong, a speaker at the World Economic Forum in Davos.
Meanwhile, Trump’s executive order was made by agencies such as the Securities Committee and the Stock Exchange (SEC), the Treasury Treasury, and the CFTC Futures Trading Committee to form a working group on digital assets.
David Sachs, an adventurous capital and Trump’s ally, was exploited as artificial intelligence in the White House and Caesar Caesar. He joined Trump in the oval last week to sign the executive order. Everything was great.
It also includes provisions to withdraw an accounting base that forced banks previously to address encryption possessions as opponents on their public budgets. The Supreme Education Council announced the change shortly after signing the matter, describing it as a “historic decision” to encourage it to adopt institutional coding.
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