Coinbase has expanded into 53 countries as they step up competition for Binance
- The biggest cryptocurrency exchange in the U.S., Coinbase are expanding at a fast pace.
- Coinbase are now operating in 53 countries, as the exchange steps up competition for Binance.
One of the biggest cryptocurrency exchanges, Coinbase, are continuing to expand at a drastic pace. The exchange is now operating crypto-crypto trading in 53 countries, including; India, South Korea, Hong Kong, and Australia, much competition for Binance.
Coinbase announced via their official Twitter account:
Today we welcome customers from 11 countries in Latin America and Asia to the crypto-economy with crypto-to-crypto trading. This time last year, Coinbase offered crypto trading in 32 countries. Today, we serve customers in 53 countries.
The Coinbase team spoke about further opportunities for new potential use cases arising within the market. They said:
As crypto moves from the current ‘investment phase’ into what we call the ‘utility phase,’ a host of new use cases will present themselves. 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
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
