Brian Armstrong, the CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, claims that Apple has not been kind to cryptocurrencies, he says that the tech giant has prohibited a number of crypto features from its App Store. According to the Coinbase executive, Apple’s anti-crypto policy poses “Potential Antitrust Issues”. In an episode of the Superteam podcast that aired last week, Coinbase CEO Brian Armstrong discussed Apple’s crypto stance. Superteam is a podcast that investigates India’s web3 ecosystem.
Armstrong said on Apple anti crypto policy “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 CEO of Coinbase went on to say:
“Apple so far has not really played nice 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.”
The crypto exchange Coinbase CEO said, emphasising that he does not want Coinbase to be like Apple. And went on to say that “Decentralized exchanges (DEXs) to me are very interesting for that reason.”
Coinbase’s CEO noted that as a regulated financial services company, the platform cannot simply include any cryptocurrency, thus the company devised “quite vigorous listing rules” to choose which cryptocurrencies will be listed.
In addition to that, the CEO of Coinbase says , “If a coin fulfils the platform’s listing standards, then we want to publish it and let the market decide.”
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