Coinbase Adds International Wire Transfers for High-Volume Users in Europe & Asia
High-volume Coinbase Pro and Prime Clients in Asia and Europe can now easily fund their accounts through cross-border SWIFT wire transfers from non-U.S. financial institution accounts, according to an official post published on The Coinbase Blog on Tuesday.
The blog post further notes that:
In 2018, the institutional investors have progressively seen crypto-related goods penetrating the market.
In the month of November last year, an Israeli firm rolled out what was purportedly the country’s first consecrated cryptocurrency investment company for all institutional investors, according to Bloomberg
Balancing the Boat
On Tuesday January 22, news spread that top 5 digital currency exchange Huobi is considering establishing its own stablecoin in 2019 as part of its roadmap and guideline.
In order to superintend Coinbase’s institutional sales, the exchange has selected Kayvon Pirestani, an ex U.S. institutional sales head, to lead the same project in Asia, with a base of operations in its office located in Tokyo, the capital of Japan.