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Coinbase Allows High-volume Customers To Make Cross-border Wire Transfers

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Major US cryptocurrency exchange Coinbase announced that its high-volume Coinbase Pro and Prime customers throughout Asia and Europe can now make cross-border wire transfers to fund their Coinbase accounts.

The customers can fund their accounts via international SWIFT wire transfer from non-US bank accounts. It will support inbound and outbound SWIFT transfers to access Coinbase's deep pool of crypto liquidity for the first time.

Additionally, select approved Coinbase Prime customers globally will have access to Coinbase's recently launched US and European over-the-counter (OTC) trading desks and Coinbase Custody, its dedicated cold storage-as-a-service platform.

Coinbase Custody was launched in July, that focuses on serving institutional customers for storing large amounts of cryptocurrencies . It is regulated as a New York Banking Trust by the New York Department of Financial Services (NYDFS).

For its international crypto community, Coinbase recently expanded operations to six more European markets - Andorra, Gibraltar, Guernsey, Iceland, Isle of Man, and Lithuania. The exchange already has operations in the U.S. and 33 countries across the globe.

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