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Coinbase CEO Brian Armstrong Open To Memecoins Even If They Are 'Low Quality:' 'We Believe In Free Market Capitalism' - Coinbase Global (NASDAQ:COIN)

1. Coinbase supports legal meme coin trading for customer freedom. 2. CEO prioritizes transparency and informed decisions, avoiding investment recommendations. 3. Token surge prompts review process changes and decentralized exchange integration.

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FAQ

Why Neutral?

The announcement promotes customer freedom and may boost trading volume, but the risks of low-quality tokens could offset benefits. Historical policy shifts in similar platforms (e.g., Robinhood's crypto stance) showed mixed price responses.

How important is it?

Coinbase's shift toward a free-market approach in listing meme coins could increase volume and influence reputation, but overall impact on fundamentals is moderate.

Why Short Term?

Market sentiment reacts promptly to policy shifts; immediate trading volatility is likely, while lasting effects remain uncertain.

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