Brian Armstrong Wants To Handle Growing Volumes Of Memecoins By Adding DEXes Into Coinbase: ‘A Little Bit Like The Early Days Of The Internet’

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Brian Armstrong, the CEO of Coinbase Global Inc. COIN, has voiced the necessity for a reevaluation of the company’s token listing process amid a surge in meme coin launches.

What Happened: During the company’s fourth-quarter 2024 earnings call, Armstrong highlighted the cryptocurrency industry’s significant transformation, with an estimated 1 million tokens getting created weekly. He added that most of these new cryptocurrencies were “lower quality” and meme coins.

“It’s a little bit like the early days of the Internet; you could list all the major websites on a single directory,” the top executive stated. “And eventually, you needed Google Search to sort through…