Coinbase Expanding into Asia and Latin America
Coinbase revealed on Wednesday, April 17th that they have launched their cryptocurrency service for retail customers in Asia and Latin America. The firm will make an aggressive international push for these markets during 2019.
Coinbase in their announcement revealed the eleven Asian and Latin American countries will be receiving their service. Thos countries include New Zealand, Mexico, Chile, Argentina, Peru, Columbia, India, Hong Kong, South Korea, Indonesia and the Philippines. All eleven of these markets are growing in the retail sector. Hong Kong and South Korea for instance have already become popular hubs for blockchain and cryptocurrency statups. These two countries even have legalized domestic licenses for blockchain or cryptocurrencies firms, allowing them to legally trade on crypto exchanges.
Currently, Coinbase has become a widely used platform in the United States but as other markets grow, the crypto firm will want to expand globally. Crypto made a statement on their blog, saying,“One year ago, Coinbase served customers in 32 countries across two continents. Over the past 12 months, one of our main priorities has been to bring Coinbase services to people in all corners of the globe.”
One of the benefits for new customers in these Latin America & Asian countries will be that they will now be able to access crypto-to-crypto conversions and will now be able to trade in numerous countries. During the last few months before their big announcement, Coinbase has been working on their platform to make it easier for users. The company now has public information for users that allow them to understand and trade with cryptocurrencies.
Additionally, last week Coinbase revealed that they’ve accepted Visa Debit Cards as a viable withdraw and deposit method for their service. These new introductions have been introduced so that Coinbase could release their services in Latin America and Asia.