Cryptocurrency exchange Coinbase has expanded its crypto-to-crypto trading services to 11 more countries through its platforms Coinbase.com and Coinbase Pro.
The exchange will provide its services to 10 more countries in Latin America and Southeast Asia, and will also expand in New Zealand. With the latest launches, Coinbase has increased its reach to 53 countries, across four continents. Customers in the new jurisdictions will be able to store, trade, send and receive cryptocurrencies.
- Hong Kong
- South Korea
- New Zealand
Since August of last year, Coinbase reports that the majority of its customers are making crypto-to-crypto trades.
“Direct trading between cryptos is increasingly the new norm and in the last year has overtaken traditional fiat to crypto trading across the globe. Millions of Coinbase customers can now securely and quickly trade between different cryptos and send crypto off-platform at their convenience.”
As the industry matures, Coinbase, which is the largest cryptocurrency exchange in the US, says that digital assets are moving from an investment phase to a utility phase where new use cases will arise.
“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.”
Earlier this month, the company announced its new Visa card launch in the UK. Coinbase says it will support other European countries in the coming months. So far, no plans have been announced to launch the card outside of Europe.