Coinbase expands to Australia with both retail and institutional platforms

Coinbase expands to Australia with both retail and institutional platforms

Do not invest more money than you can afford to lose.


Less than a week after the cryptocurrency exchange Coinbase started offering trading in Ether (ETH) to retail clients, it announced it has expanded its global presence into Australia, with both its retail and institutional platforms.

Now retail customers of Coinbase in Australia can buy Bitcoin and Ether using their credit and debit cards. Currently is available only the option to buy the two cryptocurrencies, but the sell option would be made available soon.

A check on the Bitcoin Charts site revealed that so far there were only two other, much smaller cryptocurrency exchanges offering trading of Australian dollar.

Meanwhile, institutional clients can trade on the ETH/BTC pair on Coinbase’s professional trading platform GDAX, which was rebranded this past May, along with the addition of Ether to the portfolio.

Another feature Coinbase is offering in Australia is the “Buy Widget”, which provides third party sites and apps with the option to offer to their users the ability to buy Bitcoin and Ether straight from their website or application.

Coinbase was established in 2012 in San Francisco and is believed to be the largest Bictoin-focused company in terms of investment. According to the CurnchBase website, since its establishing in 2012, Coinbase has attracted investments totaling $106.71 million in four rounds.  It operates exchanges between Bitcoin and fiat currencies in now 33 countries, and Bitcoin transactions and storage in 190 countries worldwide.

Earlier this month Coinbase announced a strategic partnership with Japan’s largest bank – Bank of Tokyo-Mitsubishi (BTMU) in order to support its long-term expansion strategy into the Asian markets.

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