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 Planet Daily News Zcash founder Zooko posted on platform X, stating that apps like Binance and Coinbase have begun pushing gambling-style features, such as sports betting and Bitcoin price predictions, to young, inexperienced, and financially disadvantaged users.

Coinbase CEO Brian Armstrong responded, saying that adults should have the freedom to manage their own money as long as they do not harm others. He added that buying stocks, early Bitcoin, or Zcash can also seem like gambling to many, and risk is subjective. At the same time, Brian Armstrong noted that it remains inappropriate to aggressively promote high-risk products to inexperienced users. This issue can be mitigated through clear information disclosure, AI-driven financial literacy tools, and personalized experiences. Users can set their preferences during the registration process, and applications should reflect those wishes. On topics like sports prediction markets, society should ultimately decide which behaviors are permitted, and private companies should not draw these boundaries.