Coinbase Earn international expansion gets green light

Crypto exchange Coinbase has opened its Coinbase Earn initiative to the public in over 100 countries.

Introduced in 2018, this enables Coinbase users to earn crypto for answering quizzes, completing tasks and trying new decentralised protocols. Asset issuers can use it to teach people how to use their new cryptocurrencies and blockchain projects. Earn opportunities are currently publicly available for Stellar Lumens (XLM), Cash (ZEC), Basic Attention Token (BAT) and ox (ZRX), with more coming soon.

“The rationale behind Coinbase Earn is that as we progress from mining cryptocurrency to buying it to earning it, we open up new opportunities for people to learn about blockchain technology,” the company said in a Medium post.

“With this international expansion, anyone with a smartphone in a supported country can now earn crypto while they learn about crypto just by setting up a free Coinbase account. This means millions more people now have a trusted, safe, and legal bridge to the crypto economy , even if they don’t have a credit card or bank account with which to buy cryptocurrency.”

USD Coin

Earlier this week, Coinbase announced that it was expanding trading of the dollar-pegged stablecoin USD Coin (USDC) to 85 countries. It said it now offers crypto-to-crypto trading for USDC in the selected countries on both its retail site Coinbase.com and its Coinbase Pro service, which is targeted more at traders rather than buy-and-hold retail investors.