Coinbase CEO Says Apple’s Crypto Policy Raises ‘Potential Antitrust Issues’

The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, says Apple has not contented with crypto, noting that the technical giant prohibited a bunch of crypto options in its App Store. Apple’s anti-crypto policy raises “potential just problems,” said a Coinbase executive.

Potential Antitrust Problems

Coinbase chief executive officer Brian Armstrong talked about Apple’s crypto policy in an episode of the Superteam podcast that aired last week. Superteam may be a podcast that explores the web3 system in India.

Commenting on Apple’s anti-crypto policy, he detailed: “You try and get your app within the App Store and Apple ejected it then that they had this competitive one that got approved … It’s recording equipment.” The Coinbase boss elaborated:

Apple to this point has not very contend nice with crypto. They’ve really prohibited a bunch of options that we’d wish to have within the app, however they just won’t enable it — so there’s potential just problems there.

Armstrong added: “There’s aiming to have to be compelled to be crypto-compatible phones that I believe might really become quite in style within the future, thus it’ll be attention-grabbing to check however that plays out.”

The crypto exchange CEO stressed that he doesn’t need Coinbase to be like Apple, adding: “Decentralized exchanges (DEXs) to me are terribly attention-grabbing for that reason.”

Regarding coin listings, the Coinbase chief executive officer explained that as a regulated monetary service business, the platform cannot simply list something thus Coinbase developed “very vigorous listing standards” to make a decision that cryptocurrencies are listed.

If a coin meets the platform’s listing standards, “then we would like to list it and let the market decide,” the chief processed, adding:

“I want us to be a bit more just like the Amazon of assets, not a walled garden like Apple’s App Store.”