Crumb rubber modified asphalt can not only improve asphalt pavement performance, but also can achieve the waste re-use, further study on the crumb rubber modified asphalt is very important. This paper mainly discusses the action mechanism of waste tire rubber modified asphalt, and analysis the performance improvement of the asphalt when it is mixed with the waste tire rubber. By analyzing the test results of asphalt’s conventional, we find out that mixed the waste tire rubber in asphalt is the resulting in the improvement of asphalt’s performance. Lastly, it discusses waste tire rubber modified asphalt advantages and the prospects of development. Overall, popularize and application the asphalt-rubber mixture is valuable.