According to Ai 姨, Coinbase, positioned at the regulatory storm's center, adopts a cautious approach to listing new tokens, which is understandable. From the perspective of price impact and enhanced liquidity, the listing of Memecoin on Coinbase does not perform as well as on Binance or Upbit. However, the brand effect of being listed on the largest compliant exchange in the US might offer stronger long-term value.