Crypto exchange Coinbase expands crypto-to-crypto support to 11 new countries

Cryptocurrency exchange Coinbase has announced the expansion of crypto-to-crypto support to more countries.

In an online post dated April 18, Coinbase said that it is expanding to 11 more countries across Latin America and Southeast Asia, allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com.

With this, Coinbase has expanded its reach to 53 countries, spread across four continents.

“Customers in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand can now sign up on Coinbase.com and download our iOS and Android apps, or sign up for a Coinbase Pro account, to access crypto-to-crypto trading options,” it said.

Coinbase said that crypto-to-crypto trading is increasingly becoming the “new norm” and has taken over traditional fiat-to-crypto trading across the globe.

“As crypto moves from the current “investment phase” into what we call the “utility phase,” a host of new use cases will present themselves. This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet,” it added.

“The ability to convert from one crypto to another will form the backbone of this new decentralized economy.”