CEO Brian Armstrong has announced that the company is working on introducing its debit card to in the U.S.
Armstrong’s announcement came in a on YouTube on May 16, 2019, during which he fielded questions and touched on various topics such as community trust ratings for and fraud prevention. While he did confirm that the debit card is coming to U.S. , he didn’t divulge a specific release date.
Last month, the Card, a Visa-based debit card which, according to the exchange, allows to make purchases online and in- using their crypto balances.
But the Card, along with the expense-managing Card App, have only been released to in the U.K. However, according to Armstrong, its entry into the United States isn’t so far off.
Will Coinbase Add Margin Trading?
Armstrong also spoke about the inclusion of margin on Pro, which he claimed is one of the most frequently requested features from .
He said that if is to move into margin , there will be a lot of regulatory concerns to figure out.
“This is one of those products where you have to innovate not just on the technology, but also on the regulatory side,” Armstrong said.
With margin , traders are able to “borrow” money from exchanges to make trades, and the high-yield possibilities tend to encourage traders to make large, risky investments.
Countries like have introduced some very strict laws regarding margin for , adding restrictions like caps on available leverage and requiring exchanges that support the feature to register with financial regulators.
Published at Fri, 17 May 2019 17:15:55 +0000
