Coinbase Launches USD Trading Pairs from European Clients for Coinbase Pro and Prime Users
From April 10 onwards, Coinbase Pro and Coinbase Prime users based in Europe will be able to trade various crypto assets against the US dollar. The traders will also enjoy sufficient liquidity for USD/crypto trading pairs provided by the exchange’s USD books. This development will enable Coinbase users to conveniently trade many fiat pairs under a single platform.
One of the key principles behind the introduction of digital currencies was to promote financial inclusion in all parts of the world. Coinbase clients also think globally. Precisely, crypto-based funds, hedge funds and market makers operating from Europe want to enjoy the benefits of the massive liquidity provided by the American dollar without necessarily abandoning the local fiats such as the Euro and the Sterling Pound. This is the primary reason behind the addition of USD trading pairs to the Coinbase digital asset trading platform.
In the long run, both Coinbase Pro and Coinbase Prime plan to create an infrastructure that would provide a secure and conducive environment for institutional investors to indulge in crypto trading. To facilitate this goal, Europe-based users of the Coinbase Prime exchange can use international wire transactions to withdraw or deposit USD from their accounts.