Now available, Coinbase has enhanced its trading services for high volume clients on Coinbase Pro and Prime from Europe and Asia, announced Coinbase on its official blog (Jan 22).
These big traders can now make cross-border wire transfers to fund their Coinbase accounts. Before this, their transacting bank had to be in the same country where they opened their Coinbase account. This is particularly useful for customers in countries that disallow fiat-to-crypto conversion.
Select Coinbase Prime customers globally will also have access to Coinbase’s US and European over-the-counter (OTC) trading desks, as well as Coinbase Custody, its cold storage service regulated as a New York Banking Trust by the New York Department of Financial Services.
NewsBTC noted that Coinbase will still be taking a commission from these new services, but it will be “less than using the traditional exchange, which still has some of the highest transaction fees in the industry”.