Cryptocurrency exchange Coinbase has expanded international payments options for its institutional clients. According to an announcement, the exchange now offers the fiat rails to enable deposits and withdrawals in USD, EUR, or GBP. With the expansion, institutional clients can now trade in and out of various currencies no matter where they are.
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"This expansion of supported currencies has been a top request from international clients and has the potential to unlock billions of dollars in trading volume through improved access to major pools of liquidity," the announcement says.
The move comes after the exchange received a greenlight from Germany's financial watchdog — BaFin. As iHodl reported, Coinbase became the first cryptocurrency exchange to get such permission in Germany. With the license, Coinbase Germany can conduct proprietary trading of crypto assets, the watchdog added.
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