Coinbase to Add UK Pound Support for British Users

Earlier, in order to use GBP at Coinbase, users should convert cryptocurrencies in euros, and only then into pounds; it usually took several days
02 August 2018   1713

The cryptocurrency exchange Coinbase added the possibility of input/withdrawal of the British pound (GBP).

As noted in the company's blog, thanks to cooperation with the service Faster Payments, customers from the UK can now carry out almost instant operations with GBP.

According to the head of Coinbase U.K. Zeeshan Feroz, the new system will replace the old, according to which customers had to convert cryptocurrencies in euros, and only then into pounds. It usually took several days.

Faster payments will benefit all UK customers, enabling almost immediate transfers. This is essential for Coinbase Pro and Coinbase Prime customers in particular who will now be able to transfer funds quickly. Coinbase, Coinbase Pro and Coinbase Prime GBP support is now live for some of our existing customers, and we will continue rolling this out to all UK customers in the coming weeks.
 

Zeeshan Feroz

CEO UK, Coinbase

Earlier, thanks to the partnership of Coinbase and the startup WeGift, customers of the American company will be able to convert cryptocurrencies into gift certificates. 

US OCC to Hire Coinbase's Chief Legal Officer

Brian Brooks will be the Office of the Comptroller of the Currency COO and  Senior Deputy Comptroller since 1st of April
17 March 2020   426

The U.S. Office of the Comptroller of the Currency (OCC) has recruited Coinbase's cryptocurrency exchange legal director, Brian Brooks, as its chief operating officer and first deputy head of department.

Brooks will take office on April 1st. He has been in charge of Coinbase's legal affairs since September 2018. At Brooks' new location, they announced that he would leave Coinbase and replace current COO Morris Morgan. Brooks is also a member of the board of directors of the mortgage company Fannie Mae, but will leave this post with a new appointment.

He is a visionary thinker with a passion for service and a deep understanding of how the financial services industry supports our nation's prosperity. We are fortunate to attract such an experienced and talented individual to join our federal agency.

 

Joseph Otting

Current Comptroller of the Currency

The Office of the Comptroller of the Currency is part of the US Department of the Treasury and supervises national banks. The agency has been operating since 1863 and is taking measures against banks, the practices of which it considers to be excessively risky.