Coinbase Launches Crypto-To-Crypto Conversion Service

Coinbase, a cryptocurrency exchange platform headquartered in San Francisco, California has launched its new crypto-to-crypto conversion service, according to an official statement published on Dec. 17.

The official Twitter account of Coinbase tweeted

Starting today, you can convert one crypto to another on Coinbase. Conversions are available between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC),  Litecoin (LTC), 0x (ZRX), or Bitcoin Cash (BCH).
It’s Day 8 of 12 Days of Coinbase. Learn more: https://bit.ly/2C2KYUo 

The conversion service is available on Coinbase.com and in the iOS and Android apps. The conversion completes immediately and at a cheaper cost than if done via two different transactions.

The official statement further stated that the company will slowly release the facility to transform cryptocurrencies to customers in all 34 countries in which Coinbase gives regional payment path. Coinbase is also planning to gather client feedback along the way and proceed to repeat on the feature over time. Its product teams are examining intensely about new policies to democratize the best of cryptocurrency, and the capability to efficiently transform one asset to another.

When Coinbase was established, the only commodities that combined wallets to the Bitcoin blockchain were technical and complex. The company has built an easy-to-use, extremely reliable, and advanced experience for anyone to buy or sell Bitcoin. By concentrating on ease of use, and outlining for uniformity, Coinbase has worked to make crypto more available to everyone.

The company is also exploring to list more than 30 cryptocurrencies including Ripple. The California-based exchange will list numerous cryptocurrencies in the future, including dai, mana, and neo. The crypto exchange will be working with local financial institutions and regulators to add them in as many domains as viable. Coinbase is currently assessing the planned assets against its Digital Asset Framework to evaluate constituents like security, compliance, and the project’s alignment with its mission of building a public commercial system for the world.

From Dec. 10, Coinbase has been releasing new contributions as part of its “12 Days of Coinbase” promotional drive described in relating to a classic Christmas song. On Dec. 14, the exchange began fiat withdrawals to payment service PayPal. The aid will be accessible to consumers in the United States and will slowly be added to other jurisdictions.

Listing new assets requires essential exploratory action from both a technical and acquiescence viewpoint. All the assets that the company is exploring will eventually be listed for trading. Moreover, their listing method may produce in some of these assets being listed only for clients to buy and sell, without the capability to send or receive utilizing a local wallet.

Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.

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