On Wednesday, September 5, U.S cryptocurrency exchange Coinbase announced to open to trade four cryptocurrencies for U.K. pound (GBP).
Earlier in March, Coinbase made a deal with UK bank Barclays in order to access the UK’s Faster Payments Scheme (FPS) – a banking initiative which is the main infrastructure of money payments aiming to reduce transaction times.
Coinbase is the first crypto exchange that is using Faster Payments. That affects positively decreasing the fees of transactions and speeding up the processing times.
Since Today from 9AM BST, The residents of U.K have been able to trade altcoins Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC) for U.K pound.
It is said, that since Huobi – the second largest web-platform for cryptocurrency exchange in China, opened their office in London last June, The UK is one of the major European targets among the biggest cryptocurrency platform operators.
Coinbase is operating buys and sells also in the following European countries:
Belgium, Austria, Czech Republic, Bulgaria, Croatia, Cyprus and Denmark.
Author: Sarah Tuuli