You Can Now Use British Pounds On Coinbase!

Great news for all the UK users on Coinbase! Coinbase announced that they made possible for users to deposit and withdraw funds in British Pounds.

Before Wednesday, UK users went through a whole lot of trouble because they had to convert their cryptocurrency holdings into Euros and after they convert them in Euros they were able to convert them in pounds via international transfers. This was a huge problem for the users since they made a lot of expenses and paid a lot of money for fees. Also, the conversion took more than 2 days to finish. However, now the users are able to make same-day deposits and withdrawals at very low costs.

Coinbase evolved over the years from a simple wallet to a most popular and well-established crypto-trading place. They offer many products and options for users and they still have their own wallet services. Also, they have the great opportunity to offer their users a diversified liquidity pool that is named Coinbase Prime.

Coinbase announced: “Faster payments will benefit all UK customers, enabling almost immediate transfers. This is essential for Coinbase Pro and Coinbase Prime customers in particular who will now be able to transfer funds quickly.”

Coinbase’s market share is somewhere around 19.34% and they have the largest bitcoin volume against all fiat currencies and the company recorded 3.07M BTC worth of combined EUR and USD. Coinbase also has a bank account in the UK and they have an e-money license from the UK’s Financial Conduct Authority.