During the company’s first quarter earnings call, Coinbase chief executive Brian Armstrong confirms that the exchange will list DOGE as part of a plan to quickly start listing more crypto assets.
“I think it’s going to be something, sort of like apps in the App Store or on the iPhone where millions of those assets will eventually be created over time. the pace of adding assets, and one of those is DOGE, as you mentioned, which has received a lot of attention recently. So, to directly answer your question, we plan to list DOGE within the next six to eight weeks. And more broadly, we’ll be focusing on how we can accelerate the addition of assets in the future. “
Armstrong says there are a number of different things the company should consider before listing an asset, including cybersecurity, compliance, and regulatory concerns, but he hopes Coinbase can speed up the process.
“There’s no question that we need to speed up the process by which we review assets and add them to the site, because we’re going to quickly be in a world here where there are so many of them that we won’t be able to do it. continue, unless you speed up this process. “
DOGE was the only coin mentioned during the investor call, and there is still no confirmation of the next crypto to be listed on the exchange.
Dogecoin has been at the center of the retail frenzy of late, garnering a lot of attention after the meme-crypto received repeated screams from tech billionaire and Tesla CEO Elon Musk. DOGE’s success also sparked the emergence of dog-related coins, some of which were listed on Binance, the world’s largest cryptocurrency exchange.
At the time of writing, DOGE is trading at $ 0.50, down 25% over the past seven days according to CoinGecko.
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