Coinbase Adds British Pound Support, Speeding Fiat Transfers for UK Clients
Leading US-based cryptocurrency exchange Coinbase said it is adding British pounds (GBP) to its list of accepted fiat currencies as of Thursday, in a move that will allow faster fiat deposits and withdrawals for its UK-based clients.
Previously, Coinbase users from the UK had to convert their pounds into euro and vice versa to access the trading platform. The transactions were made via international bank transfers, which made the process more complicated and slower, taking several days. Now, British individual investors, active traders and institutions will have deposits and withdrawals from Coinbase to their UK bank accounts processed within less than a day.
In a blog post, Coinbase UK CEO Zeeshan Feroz said the exchange took major steps towards “making Coinbase the most trusted and co…
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