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27 September 2020

Apple forces Coinbase to change its crypto products, says CEO

Apple forces Coinbase to change its crypto products, says CEO


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Brian Armstrong, the CEO of United States cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in crypto and sidelining DeFi to protect itself from competition.

According to Armstrong, Apple has told Coinbase that it is prohibited from adding two specific functionalities to its iOS apps: the ability to earn money using cryptocurrency and access to decentralized finance (DeFi) apps.

In addition, Apple reportedly bars Coinbase from providing app users with a list of decentralized applications or DeFi apps, both of which “are really just websites.”

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cointelegraph.com
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