Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries.
In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities. According to the exchange, the enablement of crypto-to-crypto conversions will serve as “the backbone of this new decentralized economy.”
The new feature will be available to Coinbase.com and Coinbase Pro users in 11 additional nations within Southeast Asia and Latin America. These countries include New Zealand, Peru, Mexico, South Korea, Argentina Chile, the Philippines, Hong Kong, India, Indonesia, and Colombia.
The exchange’s customers in the aforementioned countries will now be able to trade, send, receive and store digital assets.
Coinbase launched the crypto-to-crypto conversion option last year December.
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.