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The Independent UK
The Independent UK
Technology
Anthony Cuthbertson

Trump fuels meme coin deluge as Coinbase CEO says there’s 1 million new cryptocurrencies created every week

Coinbase Crypto Brian Armstrong
Binance, OKX, MEXC, Houbi, Coinbase, Bitpie, Kraken, ZB, Bitstamp crypto exchange app icons - (Getty Images)

Donald Trump’s recently launched meme coin forms part of a massive influx of crypto tokens to the market that the industry is struggling to cope with, leading figures have warned.

Coinbase CEO Brian Armstrong, who heads one of the world’s largest cryptocurrency exchanges, revealed that around 1 million new tokens are being created every week.

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