Coinbase revolutionizes the crypto market: New listings, Bitcoin on the rise!

Coinbase revolutionizes the crypto market: New listings, Bitcoin on the rise!

Coinbase is planning a major overhaul of its token listing process to respond to the exponential growth of new cryptocurrencies. CEO Brian Armstrong announced these changes on January 26, 2025 via Platform To counteract this increase, Coinbase is considering switching to a “block-list” model instead of the previous “allow-list” approach.

The planned measures also include automated on-chain data scans and customer reviews. Armstrong criticized the current multi-tiered review process as unsustainable and called on regulators to develop more pragmatic strategies to manage the growing number of cryptocurrencies. Justin Sun, the founder of Tron, was also critical of Coinbase's current listing policies, claiming that Tron (TRX) has been stuck in the vetting process for years without being listed.

Bitcoin and market developments

The Bitcoin price is currently at $96,000, while the asset's market capitalization is $1.9 trillion. Ethereum also recorded a price of $2,700 and a market capitalization of $327 billion. Bitcoin dominance is close to 60%, while Ethereum's share has fallen to 10%, influenced by Federal Reserve Chairman Jerome Powell's speech that ruled out interest rate cuts.

SBC Medical Group Holdings plans to purchase one billion yen worth of Bitcoin to bolster financial stability, with the purchase to be made through Coinbase. These developments indicate increasing acceptance of Bitcoin as an inflation hedge. At least 16 US states have also proposed Bitcoin reserve laws, and states such as Arizona and Utah plan to invest up to 10% of their public funds in Bitcoin.

The overhaul of Coinbase's token listing process could increase the efficiency and security of listings and contribute to stabilization in the crypto market. While Bitcoin dominance has fallen slightly, the market is showing increasing diversification, supported by strategic investments and regulatory adjustments.

Armstrong expressed optimism about the future of Bitcoin and expects the price to rise to several million US dollars in the long term, which he bases, among other things, on the growing acceptance by institutional investors and the importance of clear legal regulations in the USA. He also discussed the possibility of a national Bitcoin reserve with several finance ministers worldwide, positioning Coinbase at the forefront of the evolving crypto market.

For detailed information about the latest developments at Coinbase and the crypto market, visit finance.net and Crypto Magazine.