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The Biggest thing since Mt. Gox – Coinbase Exchange

Monday 26th, January 2015 / 23:02
The Biggest thing since Mt. Gox – Coinbase Exchange

It’s been suspected for a while now that Coinbase was up to something BIG and it’s here today. Coinbase Exchange. Now the game changes in the Bitcoin marketplace.

In their blog posted today, Coinbase provided the following announcement.

Introducing Coinbase Exchange

Today we’re happy to announce the launch of Coinbase Exchange, a regulated bitcoin exchange based in the United States.

If you are a Coinbase user in one of the 24 U.S. states or territories that supports USD Wallets, you can begin immediately trading on Coinbase Exchange. If you do not have an account, you can create one here.

This marks the first time that a regulated bitcoin exchange has launched in the United States. Here are a few more details:

  • The exchange is operated by Coinbase, the leader in the bitcoin space with a 2.5 year track record storing bitcoin securely
  • We have raised $106 million in total funding, with investors such as the New York Stock Exchange
  • Our hot wallet is insured against hacking, internal theft, and accidental loss
  • We undergo regular IT security and financial audits

Availability

Coinbase Exchange is open for business today. We’re available to residents of 23 U.S. states and 1 U.S. territory, and plan to expand to more U.S. states and other countries over time. For a complete list of qualifying locations, please see our support article.

Fees

There are zero trading fees for the first 60 days. After March 30th, 2015 we will move to a maker/taker fee model with free trades for makers, and 0.25% for takers.

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