Australia markets closed
  • ALL ORDS

    7,391.00
    +87.70 (+1.20%)
     
  • ASX 200

    7,145.60
    +81.10 (+1.15%)
     
  • AUD/USD

    0.7037
    -0.0012 (-0.17%)
     
  • OIL

    112.70
    +0.49 (+0.44%)
     
  • GOLD

    1,845.10
    +3.90 (+0.21%)
     
  • BTC-AUD

    41,814.82
    -211.54 (-0.50%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • AUD/EUR

    0.6659
    +0.0002 (+0.03%)
     
  • AUD/NZD

    1.0973
    -0.0065 (-0.59%)
     
  • NZX 50

    11,267.39
    +60.46 (+0.54%)
     
  • NASDAQ

    11,835.62
    -40.01 (-0.34%)
     
  • FTSE

    7,389.98
    +87.24 (+1.19%)
     
  • Dow Jones

    31,261.90
    +8.77 (+0.03%)
     
  • DAX

    13,981.91
    +99.61 (+0.72%)
     
  • Hang Seng

    20,717.24
    +596.56 (+2.96%)
     
  • NIKKEI 225

    26,739.03
    +336.19 (+1.27%)
     

Coinbase CEO says Apple's crypto rules highlight 'potential antitrust issues'

·1-min read

Brian Armstrong, the chief executive of Coinbase, believes Apple's App Store rules have hampered the company's product roadmap, accusing the iPhone-maker of banning features from their app and generally not being friendly with the cryptocurrency industry.

"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 said.

Armstrong made the revelation on a podcast that he participated in during his trip to India earlier this month. In the episode of Superteam Podcast, which aired this week, the co-founder of the publicly listed firm discussed Apple's influence and floated the idea that smartphones may soon need to build crypto-specific hardware features.

“There's going to have to be crypto-compatible phones that I think could actually become quite popular in the future,” he said.

Apple did not respond to a request for comment.

Armstrong made the disclosure when he was asked about whether Coinbase would ever launch its own hardware wallet. He said the company already has some co-branded hardware wallet with Ledger, but he believes that the two major mobile operating systems need to broaden their ecosystem of devices to crypto.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting