From releasing more Coinbase exchange pairs to expanding its services to the United Kingdom, Coinbase has been busy this year. And to top it off, today, we’ve seen an integration of these two things. Today, we’ve been introduced to four GBP crypto trading pairs.
Coinbase Rolling out GBP Crypto Trading Pairs
It’s happening fast. One minute we find out about it, the next we’re witnessing the launch.
Earlier today, Coinbase disclosed a new order book trading pairs for GBP, which will be available to UK-based crypto traders. In the announcement, David Framer noted that Coinbase will start offering trading services for British pounds against the following cryptocurrencies:
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Ethereum Classic (ETC)
- Ethereum (ETH)
Now, this is huge news. For starters, Coinbase has been working on its relationship with the UK since about March, when it secured an e-money license from the UK, thus allowing it to expand its services there.
But here’s the doozy, and perhaps why crypto traders (particularly those in the UK) are experiencing double the excitement: the four GBP crypto trading pairs will roll out tomorrow.
According to David Framer’s blog post, Coinbase will roll out the new GBP crypto trading pairs on Friday, September 7th.
If you’re a UK crypto trader, don’t get too excited. There are a few things you need to know. First, each pair will begin by going through a post-only phase. Then there will be a limit-only phase. Once those phases are complete, full trading services (like stop orders) will be made available.
Cryptocurrencies the Day Before the Launch
Speaking of cryptocurrencies, how are coins like Litecoin and Ethereum Classic doing today? Well, they are both down. As are Ethereum and Bitcoin Cash.
But tomorrow is a different day, and with the new GBP crypto trading pairs, we may see some green on the crypto market tomorrow. What do you think?
Featured Image: Depositphotos/© sharafmaksumov