Coinbase CEO responds to App push notifications criticism: Adults have the freedom to control their money, while acknowledging the need for enhanced information disclosure and user protection

Odaily Odaily news Zcash founder Zooko posted on X platform, stating that apps like Binance and Coinbase are starting to push gambling-like features such as sports betting and Bitcoin price predictions to young, immature, and economically disadvantaged users.

Coinbase CEO Brian Armstrong replied to this, saying that adults should be free to spend their own money as they wish, as long as they do not harm others. Buying stocks, early Bitcoin, or Zcash also seems like gambling to many people, and risk is subjective. Brian Armstrong also stated that it is still not appropriate to aggressively promote high-risk products to inexperienced users. This issue can be alleviated through clear information disclosure, AI-driven financial literacy tools, and personalized experiences. Users can set their preferences during the registration process, and the application should reflect their wishes. On topics such as sports prediction markets, society should ultimately decide which behaviors are permissible, and private companies should not draw these boundaries.