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Coinbase CEO Says Apple’s Crypto Coverage Raises ‘Potential Antitrust Points’

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

Potential Antitrust Points

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 Retailer and Apple ejected it after which they’d this competing one which bought accepted … it’s a black field.” The Coinbase boss elaborated:

Apple thus far has probably not performed good with crypto. They’ve really 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 need to be crypto-compatible telephones that I feel may really grow to be fairly fashionable sooner or later, so it’ll be attention-grabbing to see how that performs out.”

The crypto change 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.”

Relating to coin listings, the Coinbase CEO defined that as a regulated monetary service enterprise, the platform can not simply checklist something so Coinbase developed “very vigorous itemizing requirements” to determine which cryptocurrencies will probably be listed.

If a coin meets the platform’s itemizing requirements, “then we need to checklist it and let the market determine,” the chief clarified, including:

I need us to be just a little bit extra just like the Amazon of belongings, not a walled backyard like Apple’s App Retailer.

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