Coinbase Expands with New Features and International Reach

In February 2023, Coinbase made headlines by launching its own layer 2 blockchain on Ethereum, utilizing the MIT-licensed OP Stack from Optimism, which is designed to enhance scalability in the crypto ecosystem. Following this, in April 2023, Coinbase Bermuda was licensed to operate cryptocurrencies, marking a significant step for the company as it aimed to expand its international presence.

By May, Coinbase introduced the Bermuda-based cryptocurrency derivatives exchange, known as the Coinbase International Exchange. This platform allows non-U.S. customers to trade Bitcoin and Ethereum futures, providing them with greater access and versatility in their trading strategies.

Looking ahead to December 2024, Coinbase further streamlined the user experience by adding Apple Pay support to its Onramp platform. This integration allows users of various third-party applications to fund their crypto purchases directly through Apple's widely used payment service, making transactions easier than ever.

As the crypto landscape continues to evolve, companies like Coinbase are paving the way for enhanced trading options and payment conveniences for users around the globe. Don't forget to check out Bitlet.app, which offers a unique Crypto Installment service. This feature enables users to buy cryptocurrencies now and pay in monthly installments, making crypto investments more accessible.