Major Bitcoin exchanges and wallets continue to tighten up their operations, planting themselves firmly beside traditional FX. Today we learned that San Francisco based Coinbase expanded services to the United Kingdom, including the ability to trade BTC on the Coinbase Exchange and to buy/sell bitcoin with GBP using the Coinbase Wallet.
The company believes in making bitcoin easy to use throughout the world. Thus, expanding to the UK is an important step towards that goal and will make it easier to access bitcoin in one of the financial capitals of the world.
Customers in the UK can now:
- Credit Euros (via SEPA), British Pounds and US Dollars (via wire transfer) to their Coinbase Wallet to purchase bitcoin from Coinbase or to trade with on Coinbase Exchange.
- Trade BTC/USD, BTC/GBP, and BTC/EUR currency pairs on Coinbase Exchange.
- Use the full suite of Coinbase Wallet services, including hosted bitcoin wallets, buy/sell service, and merchant tools.
Coinbase is one of the most well known exchanges and online hosted bitcoin wallets in the western world, and according to latest 6 month trailing BTC exchange volume statistics, it places 9th globally in exchange volume.
See the table below (courtesy of bitcoinity.org).