Coinbase Provides Wider Support for Crypto-to-Crypto Conversions

Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries.

In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities. According to the exchange, the enablement of crypto-to-crypto conversions will serve as “the backbone of this new decentralized economy.”

The new feature will be available to Coinbase.com and Coinbase Pro users in 11 additional nations within Southeast Asia and Latin America. These countries include New Zealand, Peru, Mexico, South Korea, Argentina Chile, the Philippines, Hong Kong, India, Indonesia, and Colombia.

The exchange’s customers in the aforementioned countries will now be able to trade, send, receive and store digital assets.

Coinbase launched the crypto-to-crypto conversion option last year December.

This article originally appeared on Bitcoin Magazine.

Via: Coinbase Provides Wider Support for Crypto-to-Crypto Conversions

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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Via: Coinbase Provides Wider Support for Crypto-to-Crypto Conversions

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