Coinbase announced that it was making its crypto-to-crypto services available to 11 more countries via its Coinbase Consumer (Coinbase.com) and Coinbase Pro platforms.
Coinbase users in places including Argentina, Hong Kong, South Korea, India, New Zealand, and Mexico will be able to trade between cryptos on the platform. Residents in the 11 new markets will, therefore, need to come to the platform with existing crypto, swapping USD or their local fiat into crypto on another exchange before then storing (or trading) their digital assets on Coinbase.
Coinbase was founded in June 2012. In October of that year, it started operating as an exchange by providing a way for users to buy and sell Bitcoin (BTC) via bank transfers. It was not until 17 December 2018 that Coinbase offered consumers a crypto-to-crypto trading service. Coinbase’s global expansion of crypto-to-crypto trading has been heavily fast-tracked in the last 12 months, increasing its list of partner countries by more than 25% following today’s announcement.
Coinbase worked with users in 32 countries in 2018 around the globe. And over the last year, the exchange set itself a goal to expand to as many parts around the world as much possible to let people access Coinbase trading opportunities.
Traders now can carry on their transaction in crypto-to-crypto on Coinbase Pro and Coinbase.com along with Coinbase mobile app. Whatsoever, the fact of Coinbase expanding is crucial for the crypto community of India.
