Coinbase expands GBP trading

Posted 06 September, 2018

US-based Coinbase will expand the list of GBP trading pairs beginning from September 7.

According to the company blog post, with these measures GBP will be traded not only vs bitcoin, but also Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.

"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," according to the statement.

It is worth mentioning, there will be three modes: traders will have at least 10 minutes to place orders until achieving enough liquidity. After that, order books will start matching limited orders, and the final stage – full trading.

As the company representative said:

"If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one stage (as identified below) for a longer period of time, or suspend trading..."

Following the green light for e-money services received from the UK Financial Services Authority this March, Coinbase announced last month that it intended to put into operational service for GBP deposit/withdrawals via  Faster Payments Scheme. As a result, traders no longer need to convert sterling into euro.

Previous story

06 September, 2018 14:43

← Winklevoss twins target new patent for crypto storage

The owners of the crypto exchange Gemini, the Winklevoss twins have reportedly filed a patent application for systems and methods for securely storing digital assets. The document was released by the US Patent and Trademarks Agency this week. Cameron and Tyler Winklevoss strive to register the new method which will help to generate numerous...

Winklevoss twins target new patent for crypto storage

Next story

06 September, 2018 10:43

TransferGo announces Ripple-based payments to India →

TransferGo payment service launches Ripple-based transaction corridor to India. The technology will enable the company to make real-time payments. As the company mentioned, the payments will be available in Europe and Ripple solution will become a good alternative to the existing quite slow methods, including Swift, which requires 2-3 days for a transaction.

TransferGo announces Ripple-based payments to India
Write a comment
 
Prove you’re not a bot + 19 = 30