Coinbase expands its crypto services

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According to a Coinbase blog published 17th April, the exchange has added 11 more countries where people can access Coinbase Pro and Coinbase.com, bringing its total country reach to 53.

It expansion has been rapid. As the blog says, “One year ago, Coinbase served customers in 32 countries across two continents.” Now at 53, its goal of serving a global audience is getting closer. The new country additions are in South America and Southeast Asia and people there will be able to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com. The countries are: Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.

Coinbase also aims to appeal to the new trend in crypto-to-crypto trading. It said: “Direct trading between cryptos is increasingly the new norm and in the last year has overtaken traditional fiat to crypto trading across the globe. Millions of Coinbase customers can now securely and quickly trade between different cryptos and send crypto off-platform at their convenience.

It is also confident that crypto is moving from an ‘investment phase’ into a ‘utility phase’ and that a number of new use cases will present themselves soon. Coinbase said, “This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.”

Recently, Coinbase introduced several new developments, including adding support for EOS (EOS), Augur (REP) and Maker (MKR) and expanding into cross-border payments. And earlier in April, Coinbase also launched Coinbase Card with Visa, which enables its UK-based customers to pay in-store and online with cryptocurrency.

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