Coinbase Expands Aggressively in Asia and Latin America


Coinbase has launched its cryptocurrency services for retail and institutional customers in more markets as the firm continue its aggressive international push in 2019.

The company said Wednesday it had expanded its product to 11 Latin American, Asian, and overseas territories, including Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines, and New Zealand.

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Some of the markets into which Coinbase is expanding have already been popular destinations for cryptocurrency and blockchain-related start-ups.

Hong Kong and South Korea, for instance, have a domestic licensing process for such firms to become registered providers, including crypto exchanges.

The company is looking to continue its expansion and offers its services beyond the US. In its blog post, Coinbase stated that: “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.”

The exchange added that new customers in these countries will now be able to make use of its crypto-to-crypto conversions and trading to more countries through Coinbase and Coinbase Pro. Using these platforms, users will be able to buy and sell cryptocurrencies on the exchange.

Over the past few months, Coinbase has been rolling out services that are aimed at making it easier for people to understand and use cryptocurrencies. Just last week, the company launched a new Visa debit card in the UK, allowing customers to make purchases and cash withdrawals directly from their accounts.

The California-based company, valued at more than $8 billion, has overhauled its senior ranks in recent months after allegations of insider trades ahead of bitcoin cash launch on its platform triggered a wave of hiring and departures, as well as a review of listing practices.

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