- 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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.