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The Coinbase Bitcoin Exchange opens the door to day trading

The Coinbase Bitcoin Exchange opens the door to day trading

The digital world is likely to intensify as Coinbase Bitcoin Exchange announced on Thursday that customers will be able to buy bitcoin and other 2 currencies instantly from US bank accounts.

This is noteworthy because till date customers had to wait for several days to receive their digital currency.

Here’s the official announcement:

“We are happy to announce the ability for customers to instantly purchase digital currency using a U.S. bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000* and receive access to their digital currency immediately”.

Moreover, consequence of buying bitcoin from Coinbase will able to spend it right away. Particularly, for every ordinary investor this policy making it easier by engaging a day trading in the highly volatile digital currency market.

Currently, it is possible to trade in real time using GDAX. However, the platform is complex and tailor-made for institutions and large traders. Therefore, the new policy will allow buying and selling easier for casual traders.

Additionally, the new policy is not only to increase its trading volume in Bitcoin but also in Ethereum and Litecoin, that Coinbase lists on its exchanges.

Since, beginning of the year, cryptocurrencies have gone on an astonishing bull run. On Thursday, Bitcoin hits all new high record of $5200. In regards, the Litecoin price appears to jump in response over 12%.

According to Coinbase, the first crypto-company to be anointed with “unicorn” status. Henceforth, the new instant-buying policy is to translate to new profits from fees and commissions.

Author

Sara Noah

Sara Noah is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.