Brian Armstrong, the CEO of Coinbase, one of the world’s leading crypto exchanges, made a statement about the obstacle to listing Monero (XMR).
Speaking in a podcast titled What Bitcoin Did by Peter McCormack, Armstrong said that he would personally prefer to list a cryptocurrency like Monero (XMR), but that regulators could not offer them to their customers because of their privacy-oriented cryptocurrency response.
Accepting that being sued by regulatory agencies is part of the business, Armstrong said they want to avoid it because of the high costs he incurs.
Underlining that they take much more risk than Fidelity or other old players, Coinbase CEO says they are more conservative than some rival crypto exchanges.
Operating in the same region as Coinbase, Kraken has listed XMR on its platform since 2016. XMR itself was launched in 2014.