Coinbase CEO Brian Armstrong asserted that exchange will not list privacy coins like Monero (XMR). He made the decision as these coins are still untested.
In a podcast named ‘what coin did’, Armstrong said that he wished to make a conservative approach towards coinbase. He had been wanting to avoid confrontation with privacy coins like Monero.
“I think with enough time and education, people will get comfortable enough with it. Privacy coins will become more mainstream over time I hope, and maybe more privacy solutions on Bitcoin too,” Armstrong told Peter McCormak in the podcast interview.
Cointelegraph reported on July 20 that hackers responsible for a Ransomware attack on Argentina’s largest telecommunications company demanded $7.5 million in XMR, or 100,000 tokens.
Monero is an open-source cryptocurrency created in April 2014 that focuses on fungibility, privacy and decentralization. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination.