Starting August 2, Coinbase will begin rolling out British pound (GBP) support for UK-based customers of Coinbase (individuals), Coinbase Pro (active traders) and Coinbase Prime (institutions). This will enable faster payments with same day deposits and withdrawals from Coinbase to British bank accounts.
Customers will now be able to transfer pound sterling and use it to directly buy and sell bitcoin, bitcoin cash, ethereum and litecoin.
Coinbase has taken major strides towards its goal of making Coinbase the most trusted and compliant brand in the space. These steps include obtaining an e-money license for fiat operations from the Financial Conduct Authority (FCA), adding support for the Faster Payment Scheme, and becoming the first cryptocurrency trading platform to obtain a bank account with a major UK bank.
“Coinbase, Coinbase Pro and Coinbase Prime GBP support is now live for some of our existing customers, and we will continue rolling this out to all UK customers in the coming weeks”, – writes Zeeshan Feroz, the CEO (UK) at Coinbase.