Coinbase Expands Crypto-to-Crypto Trading to 11 More Countries

April 17, 2019
82 Views

Cryptocurrency exchange Coinbase is expanding crypto-to-crypto conversions and trading services to 11 more countries.

The San Francisco-based firm announced the news in a blog post on Wednesday, saying that customers in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand can now access crypto-to-crypto exchanging services.

The company said that it is offering the services via both Coinbase.com as well as Coinbase Pro, its professional trading platform.

The expansion means Coinbase now has a presence in a total of 53 countries across four continents, from earlier 32 countries in two continents, according to the announcement.

Relatedly, the exchange detailed that direct trading between cryptocurrencies on its platform has overtaken traditional fiat-to-crypto trading across the globe last year.

According to Coinbase’s “verified” trading volume figures, crypto-to-crypto trades formed 51 percent of the total in February 2019 as compared to 41 percent in August 2018:

 

 

Coinbase added crypto-to-crypto trading support for retail customers last December, enabling them to access the service through Coinbase.com as well as the Android and iOS apps. Earlier, the support was available only to professional customers.

Coinbase image via Shutterstock; Chart courtesy of Coinbase 

https://www.coindesk.com/coinbase-expands-crypto-to-crypto-trading-to-11-more-countries

You may be interested

Why Every Bitcoin Miner Needs A VPN
Bitcoin
18 views
Bitcoin
18 views

Why Every Bitcoin Miner Needs A VPN

btcethereumadmin - May 20, 2019

The need for a VPN has shot up over the past few years. As we get closer and closer to…

ABN AMRO Eyes Launch of Blockchain Inventory Platform, Dropping Wallet Plan
Crypto News
38 views
Crypto News
38 views

ABN AMRO Eyes Launch of Blockchain Inventory Platform, Dropping Wallet Plan

btcethereumadmin - May 20, 2019

As ABN AMRO drops its exploration of a cryptocurrency wallet product, the Dutch bank says it’s seeking to launch a…

Mutual Funds Network Calastone’s ‘Real-Time’ Blockchain Platform Is Live
Crypto News
23 views
Crypto News
23 views

Mutual Funds Network Calastone’s ‘Real-Time’ Blockchain Platform Is Live

btcethereumadmin - May 20, 2019

Calastone, a transactions network for the mutual funds industry, has moved to its own blockchain-based settlement system, the firm announced…

Leave a Comment

Your email address will not be published.