As part of Coinbase’s continued commitment to the international crypto community, and customers throughout Asia and Europe can now use cross-border wire transfers to fund their accounts. Select Coinbase Prime customers globally will also have access to our US and European over-the-counter (OTC) trading desks and Coinbase Custody, our dedicated cold storage-as-a-service platform.
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. 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.
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. 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 , traders will potentially have exposure to a wide variety of trading pairs. Each USDC token is backed one-to-one with a US dollar, held in reserve by Coinbase. Tokens are redeemable at any time for one US dollar, free of charge, through Coinbase Prime.
In addition to the launch of cross-border wire transfers, Coinbase has recently stood up OTC trading desks in the US and Europe that are accessible to approved Coinbase Prime customers globally. With the launch of these desks, select customers will be able to execute large volume trades with minimal price slippage. Coinbase’s OTC desk is agency only, meaning that we never trade on a principal basis or against our clients. Coinbase never trades on a proprietary basis. For more information on OTC trading via Coinbase, contact: email@example.com
Along with the launch of our OTC service, we’re also offering Coinbase Custody to approved customers in Asia and Europe. Regulated as a New York Banking Trust by the New York Department of Financial Services, is an institutional-grade service optimized for storing large amounts of cryptocurrency in a highly secure way. The service will be available to approved high-volume customers. All assets custodied with Coinbase Custody are stored offline and protected by industry-leading security practices and insurance. For more information on Coinbase Custody, visit:
Sep 22, 2023,
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Sep 22, 2023,
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Sep 19, 2023
Today we’re launching an effort to mobilize 52 million crypto owners – younger and more diverse than the US population as a whole – into a powerful force heading into the 2024 elections with an intense focus on nine key states.