Coinbase criticizes Apple’s crypto policy

Coinbase chief executive Brian Armstrong believes the iPhone manufacturer has been leading a hostile policy against crypto firms in general.

Apple’s App Store rules have limited Coinbase’s product roadmap, Armstrong argued in a recent statement.

He said that this was counter-productive and reminiscent of antitrust issues that Apple already had with Epic Games, a game maker which got caught up in a lawsuit with the brand.

“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 explained, arguing that most smartphones would need to start incorporating crypto features into their hardware in order to stay up to date.

Crypto-compatible phones are the future he said during an appearance on the Superteam Podcast. Apple has not offered any response to Armstrong’s comment and has generally been cautious about features that it considers a risk to its consumers and its own business.

Armstrong argued that Coinbase was doing well and has worked on several prominent projects, including a hardware wallet with Ledger, but for crypto firms to scale their offers, Android and iOS would need to step up their game and enable crypto companies to work freely and without restrictions.

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Updated: 04/27/2022 — 11:00