Coinbase now supports instant coins purchase

Now Coinbase customers can buy BTC, ETH and LTC for up to $25k instantly using US bank account 
13 October 2017   1716

Coinbase customers now have an ability to purchase Bitcoin, Ethereum and Litecoin instantly for up to $ 25 000 using a US bank account.

Our mission is to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange. Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased to provide this improved experience for our customers.
 

David Farmer
Director of Comms, Coinbase

As noted in the company's blog, earlier users who bought cryptos via bank transfers had to wait for few days to receive their funds.

At the same time, instant purchases are still only available to US users, but Coinbase representatives promised to soon expand opportunities for other countries.

What can we say a conclusion? This new feature looks interesting for US cryptotraders on the background of Bitcoin and Ethereum price rise

Coinbase to Close Chicago Office

Despite half of billion 2018 revenue, 30 employees of the biggest US crypto exchange are going to lose their jobs
24 April 2019   109

The leading cryptocurrency exchange and the wallet provider Coinbase decided to close its office in Chicago. About 30 employees will lose their jobs, said President and COO Asiff Hirji in an interview with the Wall Street Journal.

The Chicago unit focused on high-frequency trading (HFT) traders, and the potential increase in activity in this area could lead to an increase in Coinbase trading volumes and revenues. However, this direction, apparently, is no longer included in the priority list.

HFT companies play a large, albeit controversial role in the US stock and futures markets. According to some estimates, they account for about half of the daily trading volume on the stock exchanges, but more traditional investors are wary of them, suggesting that such firms take profits from them, going in and out of stocks, while slower players make deal.

Coinbase announced plans to attract HFT traders through technical updates, including speeding up the engine for matching trade requests last year.

Asiff Hirji also noted that as of the end of 2018, Coinbase had about 600 employees, and despite the elimination of 30 jobs in Chicago, the company intends to further expand this number.

Earlier this month, it was reported that in 2018, a Californian company, despite the market decline, earned about $ 520 million.