Cryptocurrency exchange platform Coinbase is launching new British pound pairs. They started this new initiative yesterday, and they’re allowing UK customers to send GBP to their accounts by domestic bank transfer.
The UK represents less than 1% of global crypto trades. GDAX, Coinbases’ exchange was rebranded as Coinbase Pro and includes a new UI. Malta captures the highest trading volumes via Binance as Coinbases faces stiff competition in the UK, based on a report from Morgan Stanely.
So far, the new pairs supported are:
- Ethereum (ETH–GBP)
- Ethereum Classic (ETC–GBP)
- Litecoin (LTC–GBP)
- Bitcoin Cash (BCH–GBP)
Afterward, full trading will occur in several steps:
Post-only: Customers can post limit orders but no matches will be completed. Order book will be in this step for a minimum of 10 minutes.
LImit-only: Limit orders will start matching but customers are unable to submit them. Order books will again be in this step for a minimum of 10 minutes.
Full trading: Everything will be available including limit, market, and stop orders.
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