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. Today were excited to welcome 11 more countries across Latin America and Southeast Asia to the cryptoeconomy by allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com?-?increasing the reach to 53 countries, spread across four continents.
Direct trading between cryptos is increasingly the new norm and in the last year has overtaken traditional fiat to crypto trading across the globe. Millions of Coinbase customers can now securely and quickly trade between different cryptos and send crypto off-platform at their convenience.
Footnote updated, previous footnote referenced that chart was based on Coinbase-only volume.
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. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.
Realizing our mission of creating an open financial system for the world starts with making it as easy as possible to access crypto. With todays announcement, were happy to take an important step in that direction.
Customers in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand can now sign up onCoinbase.comand download ouriOSandAndroidapps, or sign up for aCoinbase Proaccount, to access crypto-to-crypto trading options.
