Brian Armstrong is the CEO at Coinbase, which is listed on the Nasdaq. Armstrong stated that Apple hasn’t been friendly with crypto and pointed out that Apple banned many crypto-related features from its App store. Apple’s anti-crypto policy raises “potential antitrust issues,” said the Coinbase executive.
Potent Antitrust Issues
Coinbase CEO Brian Armstrong talked about Apple’s crypto policy in an episode of the Superteam podcast, which aired last week. Superteam podcast explores India’s web3 ecosystem.
Commenting on Apple’s anti-crypto policy, he detailed: “You try to get your app in the App Store and Apple ejected it and then they had this competing one that got approved … it’s a black box.” The Coinbase boss elaborated:
Apple has so far not been very friendly with crypto. They’ve actually banned a bunch of features that we would like to have in the app, but they just won’t allow it — so there’s potential antitrust issues there.
Armstrong added: “There’s going to have to be crypto-compatible phones that I think could actually become quite popular in the future, so it’ll be interesting to see how that plays out.”
The crypto exchange CEO stressed that he doesn’t want Coinbase to be like Apple, adding: “Decentralized exchanges (DEXs) to me are very interesting for that reason.”
Regarding coin listings, the Coinbase CEO explained that as a regulated financial service business, the platform cannot just list anything so Coinbase developed “very vigorous listing standards” to decide which cryptocurrencies will be listed.
If a coin meets the platform’s listing standards, “then we want to list it and let the market decide,” the executive clarified, adding:
I want us to be a little bit more like the Amazon of assets, not a walled garden like Apple’s App Store.
Brian Armstrong: Do you agree? Leave a comment below.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis article serves informational purposes. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com doesn’t offer investment, tax or legal advice. The author and the company are not responsible for any loss or damage caused by the content or use of any goods, services, or information mentioned in the article.
