February 21, 2025
Fast Money, Slow Problems
The Coinbase CEO supports a free-market approach where users can make their own investment decisions. Armstrong emphasized that, aside from some test trades, he doesn’t actively invest in meme coins, but sees potential for them to evolve as the market matures.
He likened meme coins to early digital trends that gained value over time, even comparing Bitcoin (BTC) to a meme coin. Armstrong also cautioned against insider trading and illegal behavior, stressing that quick wealth pursuits often end badly in the long run.
FROC Speculation
Armstrong reiterated Coinbase’s commitment to market freedom, clarifying that the platform’s role is to provide unbiased information, not to promote specific tokens. Fraudulent coins will be removed, but low-quality ones may remain, with user reviews guiding decisions.
Speculation around Coinbase’s involvement with the FROC token grew after a tutorial appeared online, coinciding with the addition of CLANKER to Coinbase’s roadmap. While Coinbase hasn’t officially endorsed FROC, some users suspect intentional promotion.
