Coinbase enhances cryptocurrency trading in 11 countries, including South Korea and India

Coindesk April 17th eveningreportsCoinbase, the SAN francisco-based cryptocurrency exchange, has announced plans to expand its crypto to crypto platform to more destinations, expanding its international reach to 53 countries.

Coinbase customers in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines and New Zealand can now use cryptocurrency-to-cryptocurrency transactions. Coinbase says customers in these regions will be able to access these services through Coinbase.com and its professional trading platform, Coinbase Pro.

Coinbase's expansion means it now operates in 53 countries on four continents, compared with 32 on two.

Coinbase details that the number of direct transactions of cryptocurrencies on its platform surpassed that of traditional legal-to-cryptocurrency transactions globally last year. According to Coinbase's "verified" trading volume data, encrypted to encrypted transactions accounted for 51% of total trading volume in February 2019, compared with 41% in August 2018:

Coinbase added encrypted support for encrypted transactions to retail customers in December, enabling them to access the service through Coinbase.com and Android and iOS apps. Earlier, this support was only available to professional customers.

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