Cryptocurrency exchange Coinbase plans to roll out the ability for US users to deposit their paycheck into the exchange to simplify regular crypto trades. It remains unclear if Coinbase plans to expand the feature to other countries.
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The exchange said in a blog post, that crypto paychecks allow users to "immediately earn interest" on their income or earn crypto rewards with Coinbase Card.
Coinbase says it has already partnered with a group of companies, including Fortress Investment Group, M31 Capital, Nansen, and SuperRare Labs, to allow their employees to get payrolls in cryptocurrencies. Coinbase's feature comes after Robinhood opened its users crypto recurring investment to regularly buy coins with as little as $1 on a daily, weekly, or monthly basis.
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