By Isaac • June 28, 2026 9:12 am •
Coinbase chief executive Brian Armstrong defended his company over a sharp piece of criticism this week, after a well-known figure in crypto said the Coinbase app was prompting a young, financially vulnerable user to gamble on sports and the price of Bitcoin.
The exchange played out on X over June 27 and 28, and it cuts to a real tension inside crypto apps right now.
Trending: Why are automakers so afraid of you fixing your own car?
Riskier products can be legal and fully voluntary. They can also be placed, prompted, and pitched in ways that push people who can least afford it toward the riskiest trades on the menu.
The criticism came from Zooko, who said he spoke with a user he described as young, unsophisticated, and
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!