Coinbase is expanding its services to Australian retail crypto traders, with VP of international and business development telling Cointelegraph that a focus on Australian institutions is soon coming.
United States-based cryptocurrency exchange Coinbase will expand its services in Australia, launching a local entity and an updated suite of services for retail crypto traders, hinting that institutional products are soon to follow.
“Australia definitely punches way, way over its weight in the APAC region, certainly at a global level too and from a revenue contribution standpoint, I feel pretty good about what it's going to do.” “We've been very impressed with the open door that we’ve received in Canberra and with different policymakers,” Murugesan says, adding the exchange has received “tough questions” regarding its platform and token listings.
Initially, Coinbase is providing Australian crypto traders with new “fast payments” for local bank accounts, access to its advance trading platform and 24/7 chat support which Murugesan says “opens the door” for the company to launch its full range of institutional and development products.
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