The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, says Apple has not contend nice with crypto, noting that the technical school big has prohibited a bunch of crypto options in its App Store. Apple’s anti-crypto policy raises “potential antitrust problems,” said the Coinbase executive.
Potential Antitrust Issues
Coinbase CEO Brian Armstrong talked concerning Apple’s crypto policy in associate degree episode of the Superteam podcast, that ventilated last week. Superteam may be a podcast that explores the web3 system in India.
Commenting on Apple’s anti-crypto policy, he detailed: “You attempt to get your app within the App Store and Apple ejected it then they'd this competing one that got approved … it’s a black box.” The Coinbase boss elaborated:
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.
Armstrong added: “There’s going to got to be crypto-compatible phones that i believe may truly become quite popular within the future, thus it’ll be interesting to see how that plays out.”
The crypto exchange CEO stressed that he doesn’t wish Coinbase to be like Apple, adding: “Decentralized exchanges (DEXs) to me are terribly fascinating for that reason.”
Regarding coin listings, the Coinbase CEO explained that as a regulated money service business, the platform cannot simply list something thus Coinbase developed “very vigorous listing standards” to decide that cryptocurrencies will be listed.
If a coin meets the platform’s listing standards, “then we wish to list it and let the market decide,” the executive processed, adding:
I want us to be a little bit more like the Amazon of assets, not a walled garden like Apple’s App Store.
( Kevin Helms, bitcoin.com, 2022 )