Coinbase to launch new crypto trading pairs for British Pounds on September 7

Cryptocurrency exchange Coinbase has announced that it will launch a number of new GBP trading pairs starting on 7 September 2018.

The announcement follows the company introducing support for British pounds (GBP) to UK-based customers last month. The new trading pairs being launched include ETH–GBP, ETC–GBP, LTC–GBP, and BCH–GBP, in addition to the already supported BTC–GBP.

In an online post, David Farmer, General Manager of Coinbase Pro, said that there will be three subsequent stages – post-only, limit-only, full trading – to the launch, which will be followed independently for each new order book.

Importantly, Coinbase could keep an order book in one stage for a long time or suspend trading altogether if the order books does not meet its assessment for a healthy and orderly market.

“With support for UK domestic bank transfers in GBP via the Faster Payments Scheme, it is now significantly easier, faster and cheaper for UK customers to trade cryptocurrencies on the Coinbase platform,” Farmer wrote.

“Coinbase Pro is the only major digital currency trading platform that supports UK Faster Payments and it’s our goal to be the trading platform of choice for UK crypto traders. In advance of the launch of the new trading pairs, all UK customers now have access to send GBP to their Coinbase accounts via domestic bank transfer.”