Wu Blockchain (@WuBlockchain): Coinbase CEO Responds to Criticism Over Betting Promotions in Coinbase App
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Coinbase CEO Responds to Criticism Over Betting Promotions in Coinbase App Zcash founder Zooko criticized Coinbase for allegedly promoting sports betting and Bitcoin price betting products to a young and financially vulnerable user. Coinbase CEO Brian Armstrong responded that adults should be free to use their money as they choose, but high-risk products should not be aggressively promoted to unsophisticated users. He said platforms should distinguish between making products available and making them the focus of the app.