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Coinbase Enables Bitcoin Buying in Australia

Last Updated March 4, 2021 4:50 PM
Samburaj Das
Last Updated March 4, 2021 4:50 PM

Bitcoin and digital exchange Coinbase has expanded its services to Australia, enabling customers in the country-continent to buy bitcoin and ether with payment cards.

In an announcement today, digital currency exchange and wallet provider Coinbase revealed its expansion effort to Australia. The move will allow users to buy bitcoin and ether with credit and debit cards. Additionally, the exchange is also introducing the ETH/BTC trading pair on the Global Digital Asset Exchange [GDAX] trading platform for Australian customers.

However, users will only be able to buy bitcoin and ether currently. “We hope to add the ability to sell digital currency as well soon,” an announcement  from Coinbase stated.

Prior to its foray into the Australian market, Singapore was the only other country that saw the digital exchange’s presence.

Coinbase has hinted at a global expansion in the Asian and Asian-Pacific region in recent times following investment and partnership with the Bank of Tokyo-Mitsubishi UFJ (BMTU), Japan’s biggest bank. Revealed earlier this month, Coinbase has since raised $10.5 million from investors to aid its launch of services in Japan.

San Francisco-based Coinbase recently announced another major development in a major global market in Canada. As of August 1, the bitcoin exchange’s payments provider in Canada, Vogogo, will shut down its payment processing core business. The loss of its payments provider has resulted in Coinbase shutting down CAD services to customers in the country.

 Featured image from Shutterstock.