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

Odaily Planet Daily News Zcash founder Zooko posted on platform X, stating that apps like Binance and Coinbase are starting to push gambling-like features such as sports betting and Bitcoin price predictions to young, inexperienced, and financially unstable users.

Coinbase CEO Brian Armstrong responded, saying that adults should have the freedom to control their own money as long as they do not harm others. Buying stocks, buying Bitcoin or Zcash early may also seem like gambling to many people, and risk is subjective. Brian Armstrong also stated that aggressively promoting high-risk products to inexperienced users is still inappropriate. 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 like sports prediction markets, society should ultimately decide which behaviors are permitted, and private companies should not draw these boundaries.