Crypto Exchange Coinbase Rolls Out New Features And Services For High-Volume Customers

Announcements, News | January 23, 2019 By:

Cryptocurrency exchange Coinbase has introduced new features and services to make trading easier for high-volume customers in Asia and Europe.

In a blog post, Coinbase announced that high-volume Coinbase Pro and Prime users in Asia and Europe can now fund their accounts via international SWIFT wire transfer from non-United States bank accounts.

“For customers in countries where fiat rails are not yet available, we will now support inbound and outbound SWIFT transfers from non-US bank accounts,” said Elliott Suthers, director of communications at Coinbase. “This new feature will allow Coinbase customers in many countries throughout Asia and Europe to access Coinbase’s deep pool of crypto liquidity for the first time. Paired with our widely-adopted stablecoin, USDC, traders will potentially have exposure to a wide variety of trading pairs.”

In addition to the launch of cross-border wire transfers, select Coinbase Prime customers globally will now be able to access the company’s US and European over-the-counter (OTC) trading desks and Coinbase Custody. The OTC trading desk allows customers to execute large volume trades with minimal price slippage, while Coinbase Custody offers an institutional-grade service optimized for storing large amounts of cryptocurrency in a highly secure way. The services are now available to approved high-volume customers in Asia and Europe.

“In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets,” said Suthers. “Coinbase’s suite of products — Coinbase Pro, Coinbase Prime and Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, exchanges and miners.”