Coinbase’s New Services Cater To High-Volume Traders In Asia and Europe
January 23, 2019 12:27 AM
European and Asian customers will now be able to fund their wallets through non-US banks.
Coinbase first announced that clients that trade in high volumes of cryptocurrency in Asia will now be able to utilize Coinbase‘s enterprise blockchain platform, as well as its cold storage wallet service. This rollout of new services is intended to allow investors using the Coinbase exchange to “fund their accounts from non-US bank holdings” through “inbound and outbound international (SWIFT) wire transfers.”
According to Coinbase‘s second announcement, high-volume customers living in Europe who use the Coinbase Pro and Coinbase Prime platform will also be able to take advantage of cross-border wire transfers to build their Coinbase accounts. European customers will also have access to Coinbase‘s stablecoin and its cold storage wallet service.
The new services are part of a steady expansion plan for Coinbase. In July of 2018, it announced that it would offer services to customers living in Japan. In December, it announced launches in several European countries and territories.
Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.
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