Coinbase Enables GBP Trading, Launches New Products
Coinbase has rolled out GBP trading for its UK users and has also launched three new products.
Zeeshan Feroz, CEO of Coinbase UK announced:
As of today, all UK customers now have the ability to deposit and withdraw GBP on Coinbase, Coinbase Pro and Coinbase Prime. If you’re a customer in the UK and don’t see your GBP wallet, check your account settings and make sure your country is set to UK.
Instead of converting Pounds into Euros to buy Cryptocurrencies, Users in the UK can now buy Cryptocurrencies directly with the domestic GBP payments in less than 30 minutes according to their Blog.
Coinbase currently lists Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash and Litecoin. But recently the San Francisco based company renewed their listing policy which basically will enable them to list new Crypto assets rapidly.
Coinbase has been coming out with new products to enable a better experience to its users, Last month it launched the Coinbase wallet (previously Toshi) to enable users to own Crypto assets and interact with people on a single platform. Coinbase Prime and Coinbase Custody were also launched this year to service the traders and institutional investors.
Coinbase’s new suite of products includes educational materials and ‘Coinbase Bundle’ which is an easy way for users to buy and hold multiple Cryptocurrencies.
Education is an important aspect of the Crypto market, Coinbase is addressing this problem by launching ‘Coinbase Learn‘ where people can learn all about Cryptocurrencies from scratch. The platform will provide an in-depth analysis of Crypto assets and will update it regularly.
Coinbase has also introduced Crypto Assets Page which lists the top 50 Cryptocurrencies based on their market cap. The company has plans to add more to the list in the future.
Recently, Coinbase was featured in a long-form article by Fortune Titled ‘Coinbase Wants To Be Too Big To Fail’ which went on to give an in-depth insight of the Silicon Valley giant.
Brian Armstrong, CEO of Coinbase said:https://twitter.com/coinbase/status/1045521547904135168
“Coinbase became the first U.S. cryptocurrency startup to earn a $1 billion “unicorn” valuation from investors, and the first to bring in $1 billion in annual revenue.”
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