Coinbase, US Crypto Exchange, Introduces Digital Asset Conversions. Becoming the 20th largest exchange by 24-hour trade volume

Coinbase, US Crypto Exchange, Introduces Digital Asset Conversions. Becoming the 20th largest exchange by 24-hour trade volume

San Francisco-based cryptocurrency exchange and wallet service Coinbase has launched its new “Convert” service, as per an official statement on Dec. 17.

Per the statement, customers can at first be able to convert between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin money (BCH). The service will be accessible on coinbase.com and therefore the firm’s iOS and android apps.

The new feature can purportedly be made accessible to customers in 34 totally different countries, whereby Coinbase offers native payment access. as per the exchange, Convert is a “natural progression” within the platform’s development.

Since Dec. 10, Coinbase has been rolling out new offerings as a part of its “12 Days of Coinbase” promotional campaign named in reference to a conventional Christmas song. The exchange introduced fiat withdrawals to payment service PayPal on Dec. 14. The service is going to be accessible to purchasers within the U. S. and can step by step be introduced to different jurisdictions.

Coinbase and PayPal antecedently integrated in 2016, once the exchange added support for the platform additionally to major credit cards. At the time, Coinbase users might sell Bitcoin and have their fiat funds deposited to a PayPal wallet. the mixing was terminated in February 2018 because of technical difficulties.

In addition to introducing new services and options on the Coinbase platform, the campaign has enclosed charitable and academic initiatives.

Coinbase’s professional exchange platform Coinbase pro is the 20th largest exchange by 24-hour trade volume, in line with CoinMarketCap, at $154 million.

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