Cryptocurrency exchange Coinbase has announced it is expanding its crypto-to-crypto support to an additional 11 countries across Latin America and Southeast Asia – meaning the service is now available in 53 countries in total spread across four continents.
The news was announced in a blog post. The exchange states how one year ago it served customers in 32 countries across two continents, but over the past 12 months one of its main goals has been to expand its services to customers “in all corners of the globe”.
The move will allow residents of the additional 11 countries to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com.
Coinbase claims direct trading between cryptos is increasingly the “new norm”, and in the last year it has overtaken traditional fiat-to-crypto trading across the world.
It believes that as crypto moves from the current “investment phase” into what it calls the “utility phase”, a host of new use cases will emerge.
The exchange speculates that this could come in the shape of a decentralised economy which emulates traditional financial services such as lending or micropayments.
Coinbase states that the ability to convert from one crypto to another will be pivotal in formulating the backbone of this new decentralised economy, and so the exchange aims to make crypto easily accessible to everybody.
Now, customers in Argentina, Mexico, Peru, Columbia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines, and New Zealand can sign up on its website and use its advanced trading platform.
Interested in reading more Coinbase-related news? Discover how the exchange recently announced the launch of its new Visa-powered Coinbase card, enabling UK residents to spend crypto effortlessly around the world.