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Coinbase begins PayPal withdrawals for EU and European Free Trade Association customers

Akash Anand

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Source: Pixabay

The cryptocurrency market has been in the midst of several updates and developments even though the charts show a mix of both bearish and bullish signals. Popular cryptocurrencies like Bitcoin [BTC], XRP and Ethereum [ETH] were also affected by this downtrend.

Coinbase, the largest cryptocurrency exchange on the planet in terms of users, is back in the news again after the company announced that the European Union and European Free Trade Association customers can now withdraw to their PayPal accounts. The company in an official press release stated:

“Last year we announced support for PayPal in the U.S., and today we’re expanding that support for PayPal withdrawals to all E.U. customers and customers in European Free Trade Association countries (Iceland, Liechtenstein, Norway, and Switzerland). We strive to make Coinbase the safest and easiest place to use cryptocurrency — offering convenient withdrawal options like PayPal is another big step towards that goal.”

The organization has stated that before PayPal, SEPA and UK Faster Payments were the only options for European customers to withdraw funds. The exchange’s new venture comes in the wake of a report suggesting that Coinbase’s trading volume had fallen consistently since 2018.

In January 2018, the exchange held a BTC/USD trading volume of $8.2 billion which then fell to $2 billion in December 2018. January 2019 saw the worst performance in terms of trade following to a low of $1 billion.



On the developmental front, Coinbase has also taken a massive step to support their institutional clients and high volume across Asia. Just recently, the Brian Armstrong led company had revealed that it will open its doors to professional trading and custody platforms for high volume customers and institutional clients in Asia.

Coinbase had said:

“We see a bright future ahead for crypto in Asia. Building on our announcement last June that Nao Kitazawa would lead our efforts in Japan, we have also recently appointed Kayvon Pirestani to head institutional sales in Asia, operating from our Tokyo office.”





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Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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