Earlier this week, the US-based marketplace announced its recent expansion, which will see some 50 countries getting customer support.
Coinbase is undoubtedly one of the most recognizable names when it comes to cryptocurrency exchanges. Earlier this week, the US-based marketplace announced its recent expansion, which will see some 50 countries getting customer support. In addition, its in-house stablecoin USDC is already available in 85 countries.
In its statement, the crypto behemoth reveals that 50 new countries will have access to its peer-to-peer trading platform. While Coinbase’s own stablecoin was previously only available in the US, the digital asset marketplace has expanded its support to 85 additional countries. These changes apply to both Coinbase and Coinbase Pro. Just a year ago, the exchange was available in just 32 countries, however, as of writing, it has upped its game to a total of 103 countries worldwide.
Coinbase has added support to the following countries:
“Angola, Armenia, Aruba, Bahamas, Bahrain, Barbados, Benin, Bermuda, Botswana, Brazil, British Virgin Islands, Brunei, Cameroon, Cayman Islands, Costa Rica, Curaçao, Dominican Republic, Ecuador, El Salvador, Ghana, Guatemala, Honduras, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Macau, Maldives, Mauritius, Mongolia, Montenegro, Namibia, Nepal, Nicaragua, Oman, Panama, Paraguay, Rwanda, Serbia, South Africa, Taiwan, Trinidad and Tobago, Tunisia, Turkey, Uganda, Uruguay, Uzbekistan, Zambia.”
Obviously, Coinbase is on its way to conquer the world but it doesn’t mean the exchange wasn’t caught off-guard by the crypto winter. Indeed before expanding globally, Coinbase had a hard time at home, where it was forced to close its Chicago office, just 12 months after it opened it. Even more, the exchange made 30 of its employees redundant.
Furthermore, Coinbase left its community disappointed when it acquired Neutrino. Twitter users took on the exchange since the Italian startup is known to use blockchain data to track cryptocurrency transactions. As you know, crypto geeks like privacy and a tracking tool is not their cup of tea. Many of them believe Coinbase was going to keep an eye on them, a notion which does make sense to some extent.
Perhaps, Coinbase is the only exchange that has managed to comply with all regulations and policies in the countries it operates. Furthermore, it has somehow managed to avoid major hacks, unlike its global competitors.