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Screenshot of a breaking news alert e-mail from Q2 2017
San Francisco based Bitcoin Exchange and provider Coinbase just announced the launch of weekly buy/sell limits on Coinbase. In the past, Coinbase used daily limits. This created frustration as users were forced to come back every day to purchase their maximum amount.
The change was made given feedback to the company from users who prefer to come back less frequently and purchase larger amounts. Now they can. Weekly limits are now available for users in United States, Canada, Singapore, and Australia. Coinbase stated it plans to roll these changes out for European customers in the coming weeks.
The updates are as follows:
A Coinbase spokesperson stated:
We will continue making it easier for people to convert their local currency into and out of digital currency (the bridge to finance 2.0), in furtherance of our mission: to create an open financial system for the world.