Coinbase Recently Expanded Its Services To 11 New Countries

The popular American cryptocurrency exchange and wallet service Coinbase recently expanded its crypto-to-crypto trading to more nations as per a blog post published on Wednesday 17 April.

Coinbase and Coinbase Pro, its professional trading platform have expanded crypto-to-crypto conversions and trading to 11 additional countries in Latin American and Southeast Asia. The exchange’s services are now available in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand.

Coinbase customers in the abovementioned nations are now able to store, trade, send and receive crypto assets. Furthermore, the exchange suggested in its post that cryptocurrencies are moving from the current “investment phase” to that of a “utility phase” in light of new use cases.

Coinbase explains:

“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 even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.”

Coinbase also recently introduced a number of new developments, including adding support for EOS (EOS), Augur (REP) and Maker (MKR) as well as expanding into cross-border payments. The expansion into cross-border transactions will reportedly enable users to send and receive funds instantly as well as convert them to local fiat currency.

Back in April, Coinbase also launched the Coinbase Card in partnership with Visa which allows UK customers to pay for products and services in-store and online with crypto.

The new services enable Coinbase to instantly convert customers crypto funds into fiat currency with the swipe of the card to complete purchases.