Listing an altcoin traps exchanges on 'forever hamster wheel' — River CEO

When a cryptocurrency exchange lists its first altcoin, it sets itself up for an endless cycle of launching memecoins, warns a Bitcoin-only institution executive. “The minute an exchange adds one non-Bitcoin token, they are signing up to be on the forever hamster wheel of memecoins,” River Financial CEO Alex Leishman said in a March 29 X post. “It makes no sense to list ETH if you don’t list the tokens issued on ETH, and the same goes for Solana,” Leishman said. River has no interest in building a “successful crypto casino”Leishman said while there are many “successful crypto casinos,” he has no interest in building one source: https://cointelegraph.com/news/altcoin-listing-sets-off-hamster-wheel-memecoin-listings-river-financial-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound