The San Francisco-based crypto exchange Coinbase is expanding its business in the world. According to a post on the company’s blog, it is now establishing so-called “crypto-to-crypto” trading, i.e. buying cryptocurrencies with other cryptocurrencies, in eleven more countries.
The countries concerned are Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand, according to the blog post.
A year ago, Coinbase was established in 32 countries. Now, this number has increased to a total of 53 countries.
“Crypto-to-crypto” trading is increasing
According to Coinbase, trading around the world between cryptocurrencies and other cryptocurrencies has overtaken traditional trading between regular money, so-called fiat money, and cryptocurrencies in the last year.
Coinbase added the possibility to buy cryptocurrencies with other cryptocurrencies for retail investors last December.
