Sun Yuchen criticizes Coinbase: 7 years without TRX listing, accuses the exchange of losing fairness!
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Tron founder Sun Yuchen recently launched a fierce criticism of Coinbase's listing policy, particularly regarding its prolonged indecision about listing Tron (TRX). In response to Coinbase CEO Brian Armstrong on the X platform, he pointed out that TRX, as a top 10 cryptocurrency by market capitalization, has undergone a seven-year review yet still has not been listed on the platform. Sun Yuchen stated that this is not just a case of TRX, but rather that Coinbase has lost basic fairness and industry judgment in the process of listing new coins.
Sun Yuchen also revealed that on November 4, 2022, Coinbase requested a payment of up to $330 million for TRX listing, which included 500 million TRX tokens (valued at approximately $80 million at that time) and a $250 million Bitcoin deposit held in Coinbase Custody.
Meanwhile, cryptocurrency industry influencer Ansem suggested that Coinbase should hire industry experts with practical experience to streamline the token evaluation process. He pointed out that such experts could easily identify which tokens among a million are worth listing as soon as possible, and the problem is not complicated.
Additionally, Armstrong revealed that Coinbase plans to deepen its integration with decentralized exchanges (DEXs), and looking ahead, he hopes customers will not have to worry about whether transactions are conducted on DEXs or centralized exchanges (CEXs), as the trading experience will become more seamless.
During the World Economic Forum in Davos, Armstrong also discussed the potential impact of the Trump administration on the cryptocurrency industry. He stated that in discussions with major market leaders, the Trump administration's cryptocurrency policy is a frequently discussed topic.
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