Coinbase has been one of the flagship crypto exchanges in the world and has been growing its presence across the world. The exchange has taken another progressive step and according to the recent announcement the exchange is now introducing crypto-to-crypto conversions and trading to 11 more countries across Latin America and Southeast Asia countries through Coinbase and Coinbase Pro
Direct trading between cryptos is increasingly the new norm: Coinbase
Coinbase has been the flagship crypto exchange and every project and every trader or investors wants to be on it. But the exchange has taken a cautious approach and has rolled out to various geographies in a phased manner. For over a year the exchange has been serving customers in various countries across two continents and its priorities has been to bring Coinbase services to people in all corners of the globe.
Now after stabilizing its feet in these region the exchange has decided to take a new leap and has decided to expand to 11 more countries across Latin America and Southeast Asia to the cryptoeconomy by allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com — increasing the reach to 53 countries, spread across four continents.
The countries which can now avail Coinbase services include major markets like South Korea, India and Argentina along with Mexico, Peru, Colombia, Chile, Hong Kong, Indonesia, the Philippines and New Zealand.
While making this announcement, Coinbase also recognised that Direct trading between cryptos is increasingly the new norm and in the last year has overtaken traditional fiat to crypto trading across the globe. The exchange quoted
“As crypto moves from the current “investment phase” into what we call the “utility phase,” a host of new use cases will present themselves. This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.
Coinbase’s roll out to these new countries will definitely be received well as everyone looks forward to be on the best exchange. Like the previous markets, one can expect Coinbase to be a leader in these new countries as well
Will you be opening your account with Coinbase if you reside in these 11 countries ? Do let us know your views on the same
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Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.