Coinbase Launches Trading Services In Six New European Markets

Crypto exchange Coinbase is now available in a further six other markets in Europe, the exchange announced on Thursday.

The expansion efforts, aggressive in the last several months, have taken the exchange’s services to countries and jurisdictions that include Lithuania, Iceland, Gibraltar, Guernsey, Andorra and the Isle of Man.

In addition to availing its services in these markets, Coinbase has plans for a much more robust approach in 2019 as it looks to reach new customers around the world.

Expansion into European markets

Coinbase’s entry into the six European markets brings the total number of countries and jurisdictions in which the U.S.-based company offers its services to 33.

Launched in 2012, Coinbase has grown in leaps and bounds to recently boast a valuation of $8 billion. The crypto exchange has leveraged its dominance in the fiat-crypto market in the U.S to become one of the stalwarts in the cryptocurrency industry.

And the company, which recently announced that it had rebranded its Earn.com platform to Coinbase Earn, has seemingly set sights on bigger things in 2019.

The digital assets platform has added several crypto assets and tokens in the last few months, and taking its services to the new markets will benefit users who can now easily buy and sell digital assets.

According to the exchange, its prospective customers in the new markets will have access to services on any one of Coinbase.com, iOS or Android apps.

The company also announced that its other services on Coinbase Pro and Prime would be available to the new users in due course.

Aggressive crypto adoption plans for 2019

Over December, Coinbase has made a series of announcements that all add up to one big picture: the exchange is pushing for greater cryptocurrency adoption.

Its proactive stance sees it seek to continue its rapid expansion, taking services into new markets and regions. It also plans to keep adding more assets to the platform as it looks to “meet customer demand.”

The company’s latest blog post states:

‘To realize our mission means making crypto easily available to everyone, irrespective of their geographical location.’

Coinbase has added several coins to its trading platform in 2018, including Ethereum Classic (ETC), Zcash (ZEC), Basic Attention Token (BAT), and 0x (ZRX).

Besides, the platform has added support for crypto-to-crypto conversion feature, which allows customers to convert one crypto for another quickly and without incurring extra trading fees.

The convert feature is currently available to U.S. users only, but Coinbase has plans of deploying to multiple locations around the world.

Users can use the feature to convert between bitcoin and several other cryptocurrencies, including Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), and 0X (ZRX).


Disclaimer: This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your research and consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.

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