Cryptocurrency exchange Coinbase is increasing crypto-to-crypto conversions and buying and selling expert services to 11 more international locations.
The San Francisco-dependent firm declared the information in a site submit on Wednesday, stating that consumers in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand can now entry crypto-to-crypto exchanging expert services.
The firm stated that it is featuring the expert services via both Coinbase.com as nicely as Coinbase Pro, its expert buying and selling platform.
The growth indicates Coinbase now has a presence in a whole of 53 international locations across 4 continents, from previously 32 international locations in two continents, according to the announcement.
Relatedly, the exchange detailed that direct buying and selling involving cryptocurrencies on its platform has overtaken conventional fiat-to-crypto buying and selling across the world previous 12 months.
In accordance to Coinbase’s “verified” buying and selling quantity figures, crypto-to-crypto trades fashioned 51 per cent of the whole in February 2019 as as opposed to 41 per cent in August 2018:
Coinbase added crypto-to-crypto buying and selling assistance for retail consumers previous December, enabling them to entry the assistance by Coinbase.com as nicely as the Android and iOS applications. Earlier, the assistance was readily available only to expert consumers.
Coinbase picture via Shutterstock Chart courtesy of Coinbase