Coinbase Plans To Launch A Crypto App Store

Coinbase, a popular cryptocurrency exchange in the US, has announced its intention to launch a crypto app store in the future. In particular, the company plans to allow the inclusion of apps developed by third-party developers, similar to Google Play and the App Store, but in this case, all apps will be focused on cryptocurrency.

In a statement, crypto exchange CEO Brian ARMSTRONG said:

“Apple didn’t attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps. We need to do the same in crypto.”

Coinbase also plans to increase the number of supported crypto assets and new listings. The plans of the exchange include reducing the legal due diligence of potential listings and launching an "experimental zone" for new assets. The due diligence process will be reduced from 70 questions to 12.

Notably, Coinbase's expansion plans coincide with a time of regulatory crackdown as the UK's FCA recently banned Binance from offering its services in the country.

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