Californian cryptocurrency exchange Coinbase kicked again the market with upgraded technical features.
San Francisco-based crypto trading platform Coinbase is surpassing its own records. Immediately after the company announced it is listing a new crypto asset known as Ethereum Classic (ETC), Coinbase reveals new upgraded features.
Following last week’s update about the final stage of testing for Ethereum Classic (ETC), we are now accepting inbound transfers of ETC on @CoinbasePro. Full launch schedule here: https://t.co/SRPufCbvbm
— Coinbase (@coinbase) August 7, 2018
No more waiting time to complete the transactions
From now on, users are able to trade virtual assets “immediately after a purchase — no more waiting five days for funds to settle”. Furthermore, the daily transaction limit is set to increase 7x times.
In just a few weeks, US crypto traders will be able to trade up to $ 25,000 worth of cryptocurrencies daily.
The crypto market is in constant change, and if we consider this aspect, a deadline of up to 5 days to complete a transaction is a barrier for traders to catch the best deals:
“With this update, customers will receive an immediate credit for the funds being sent from their bank account. They can then buy and sell crypto to and from their USD wallet right away, but cannot send their funds off the Coinbase platform until the funds coming from their bank have settled,” Coinbase announced.
Higher daily limit!
Regarding the higher daily limit, the US crypto traders must take into account the company’s statement:
“We are also increasing limits for the majority of our US customers. Until now, the maximum allowable purchase was $25,000 weekly. For verified customers, the limit will now be $25,000 daily, a 7x increase over our prior limits. And once your funds are transferred to Coinbase, there are no longer any limits to how much you can buy or sell at a time.”
The Californian company has already set out all the details and is now looking to launch the new features at a larger scale. The US customers will be able to enjoy the updated services in September. Note that at first, you should pass through the company’s verification process.
On August 7, the Californian crypto exchange “acquired” former Microsoft and Amazon expert- Tim Wagner. Also, the company revealed it intends to list other 40 cryptocurrencies