[2019-04-20]Coinbase Launches Crypto-to-Crypto Trading Services in 11 Countries

[cybersofts]

Cryptocurrency exchange Coinbase has expanded its crypto-to-crypto trading services to 11 more countries through its platforms Coinbase.com and Coinbase Pro.

The exchange will provide its services to 10 more countries in Latin America and Southeast Asia, and will also expand in New Zealand. With the latest launches, Coinbase has increased its reach to 53 countries, across four continents.  Customers in the new jurisdictions will be able to store, trade, send and receive cryptocurrencies.

Countries

   - Argentina
   - Mexico
   - Peru
   - Colombia
   - Chile
   - India
   - Hong Kong
   - South Korea
   - Indonesia
   - Philippines
   - New Zealand

Since August of last year, Coinbase reports that the majority of its customers are making crypto-to-crypto trades.

“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.”


Reference: https://dailyhodl.com/2019/04/18/coinbase-launches-crypto-to-crypto-trading-services-in-11-countries/

[joniboini]

I was hoping that they'll open crypto to fiat trading in my country (though I won't use it yet). Offering crypto to crypto trading is not that groundbreaking and there are a lot of exchanges offering similar services already. On top of that, we can already do it without any KYC which I doubt will be possible with Coinbase.

[Zadicar]

They added these countries yet they do saw that they have users that do make use of wallet but cant able to trade up due to limitation and its a good move for them but i doubt those people would consider on using them up.

I was hoping that they'll open crypto to fiat trading in my country (though I won't use it yet). Offering crypto to crypto trading is not that groundbreaking and there are a lot of exchanges offering similar services already. On top of that, we can already do it without any KYC which I doubt will be possible with Coinbase.

Correct,can someone give a reason why would I use coinbase if i can freely make use of Binance without any kyc terms?

[secone]

bye bye binance....
welcome back coinbase...

coinbase volume will be rising 1000% by this service, usually people use binance, bittrex, poloniex, hitbc, where fake volume higher than real volume, coinbase is profesional marketplace/exchange, im sure we can get "real" volume and real price for our altcoin.

[InvoKing]

bye bye binance....
welcome back coinbase...

coinbase volume will be rising 1000% by this service, usually people use binance, bittrex, poloniex, hitbc, where fake volume higher than real volume, coinbase is profesional marketplace/exchange, im sure we can get "real" volume and real price for our altcoin.

Personally I compare Coinbase to PayPal which can lock your account at any moment and ask you to provide personal information. For those who don't care it is ok but for those who care about their privacy then it is a big issue.
Coinbase is an established service and until now a trusted one comparing to other exchanges which is its only advantage imo...

[hugeblack]

I was hoping that they'll open crypto to fiat trading in my country (though I won't use it yet). Offering crypto to crypto trading is not that groundbreaking and there are a lot of exchanges offering similar services already. On top of that, we can already do it without any KYC which I doubt will be possible with Coinbase.

For the same reason, they see increased trading using crypto-to-crypto without having to exchange it to local currencies "speculations."
Many beginners prefer closer services to banks including confirmation of identity. The reason is speculative rather than decentralized.

Since August of last year, Coinbase reports that the majority of its customers are making crypto-to-crypto trades.

Do not forget that licenses issuing for this type of trading. It is not easy and requires many legal procedures and assistance by those countries in checking accounts and tracking money laundering. "More effort and little profit."

[Kemarit]

Love to see that finally, my country is on that lists and I think it's good in for the ecosystem. I think they really need to step up as Binance is really 'eating' them up as far as competition goes. For sure KYC will be mandated here, are people willing to submit? That is another question. What I like though is that more competition mean good for crypto enthusiast in the long run.

[vit05]

I never understood very well why they restricted the crypto crypto trade in other countries. I believe that the competition they will bring will be beneficial to the market. They are quite professional and do not seem to have problems that are common in other exchanges.

But what I would like them to make available in my country is the trade fiat-crypto

[joniboini]

For the same reason, they see increased trading using crypto-to-crypto without having to exchange it to local currencies "speculations."
Many beginners prefer closer services to banks including confirmation of identity. The reason is speculative rather than decentralized.

Lots of traders or crypto users that I know prefer to have some fiat access directly so they can cash out anytime. If they only offer crypto to crypto trading, that means there is still going to be a monopoly because there's only 2-3 a local exchange that supports this afaik. Their service is not that great so that definitely offers something for new player.

I never understood very well why they restricted the crypto crypto trade in other countries.

Due to legal reasons and stuff like that.

[gabbie2010]

Coinbase is very strict with KYC expanding their territories and services to more countries is a welcome development however a lot of cryptos traders will not readily reveal their identities in the name of using their crypto-to-crypto trading whereas binance exchange has a withdrawal limit for KYC  of course a major reason why a lot of traders still patronizes  their services and having an accessible platform from any part of the world.

[Slow death]

Countries

   - Argentina
   - Mexico
   - Peru
   - Colombia
   - Chile
   - India
   - Hong Kong
   - South Korea
   - Indonesia
   - Philippines
   - New Zealand

will the coinbase team do some research on the countries before they think about offering their services in these countries? because according to this news I read:

Report: India Considers Complete Ban on Digital Currencies

The Reserve Bank of India’s Regulatory Sandbox Accepts Blockchain, Excludes Crypto

the government of India does not seem to me to have any intention of accepting cryptos in their country

[shamc]

India?! I thought Coinbase was a really clever company, i'm very surprised to see this country listed. They won't last there and will get fed up from getting food poisoning every day

[CryptoBry]

Coinbase has one of the best name and reputation in the cryptocurrency exchange and though this is not a perfect company this can still be better compared to the many already operating in different countries. I am wishing them well as they are now on the expansion mode and getting into countries which have restrictions and strict or still or vague regulations. Only time can tell if this expansion can be bearing fruits and influence for the company and its business. I am sure that soon they can also be offering crypto-to-fiat facility as this is always demanded by many users.