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

The CEO of the Nasdaq-listed cryptocurrency alternate Coinbase, Brian Armstrong, says Apple has not performed good with crypto, noting that the tech big has banned a bunch of crypto options in its App Store. Apple’s anti-crypto coverage raises “potential antitrust points,” mentioned the Coinbase government.

Potential Antitrust Issues

Coinbase CEO Brian Armstrong talked about Apple’s crypto coverage in an episode of the Superteam podcast, which aired final week. Superteam is a podcast that explores the web3 ecosystem in India.

Commenting on Apple’s anti-crypto coverage, he detailed: “You attempt to get your app within the App Store and Apple ejected it after which they’d this competing one which bought accredited … it’s a black field.” The Coinbase boss elaborated:

Apple up to now has not likely performed good with crypto. They’ve truly banned a bunch of options that we wish to have within the app, however they only gained’t enable it — so there’s potential antitrust points there.

Armstrong added: “There’s going to should be crypto-compatible telephones that I feel may truly turn into fairly widespread sooner or later, so it’ll be attention-grabbing to see how that performs out.”

The crypto alternate CEO pressured that he doesn’t need Coinbase to be like Apple, including: “Decentralized exchanges (DEXs) to me are very attention-grabbing for that purpose.”

Regarding coin listings, the Coinbase CEO defined that as a regulated monetary service enterprise, the platform can’t simply listing something so Coinbase developed “very vigorous itemizing requirements” to resolve which cryptocurrencies can be listed.

If a coin meets the platform’s itemizing requirements, “then we wish to listing it and let the market resolve,” the manager clarified, including:

I need us to be slightly bit extra just like the Amazon of property, not a walled backyard like Apple’s App Store.

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