Coinbase to Provide Instant Cryptocurrency Trading: Increase Daily Limit

Coinbase to Provide Instant Cryptocurrency Trading: Increase Daily Limit

Coinbase, one of the most reputed and leading cryptocurrency exchange platforms in the world has been in the news for quite some time. They are constantly working on something or the other to provide the best service to its customers. The exchange platform announced on 7th Augusts that they have increased their daily limit and have launched instant trading for the U.S. customers.

Coinbase put up a tweet stating:

“We’re announcing instant trading and significantly higher default limits for Coinbase accounts. Starting today, we are rolling out the ability to trade cryptocurrency immediately after a purchase—no more waiting five days for funds to settle”

This recent declaration by Coinbase will now enable the users to get credit instantly for the funds that are being transferred from their Coinbase account to their personal account. This will eliminate waiting for days at a stretch by the clients in order for their funds to settle in their accounts. This will lead to much faster and instant tradings. Coinbase went on to add.

“They [Coinbase customers] 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.”

There has been an increase of 7 times for the maximum limit for the U.S customers. Those customers who are done with the verification process can send 25000 USD every day. At present, the weekly limit for the customers of the platform is at 25000 USD. On transferring the amount to the Coinbase account of the user, they are open to unlimited buying and selling.

Coinbase also mentioned that most of the clients’ trading limit has gone up to $25000 per day and that the clients have been informed about the increase in the limit. The U.S customers will be able to avail these services next month.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.