San Francisco-based cryptocurrency exchange firm, Coinbase, says it is extending the crypto-to-crypto trading services to 11 more countries within Southeast Asia and Latin America.
The big exchange firm in a Medium post today, announced that its crypto-to-crypto trading service is now available to customers in Mexico, Argentina, Peru, Chile, Colombia, Hong Kong, India, South Korea, New Zealand, Indonesia, and the Philippines.
Coinbase adds that the expansion is a step to prove their mission which is to establish an open-source financial system worldwide. That is, by making it easier for anyone anywhere in the world to use cryptocurrencies easily.
According to Coinbase, its services were solely operated only in 32 countries within two continents lately in 2018. However, the latest development will see its customers trade on the platform from a total of 53 different countries within four continents.
The expansion brings Coinbase Pro or Coinbase.com to the new audience and will ensure a better trading experience.
Crypto-to-crypto trading is considerably regarded as the new norm and has taken over the regular fiat-to-crypto trading services across the world. Coinbase on this note guarantee that its customers can securely complete transactions in a few seconds between different cryptocurrencies.
As cryptocurrencies migrate from the “investment phase” to “utility phase,” Coinbase predicts that new use cases will emerge, taking the form of decentralized versions of traditional financial services like a novel crypto application, lending or micropayments.
“The ability to convert from one crypto to another will form the backbone of this new decentralized economy,” the announcement read.