The cryptocurrency exchange platform has expanded its geography to the Southern hemisphere. Now Australian residents will be able to buy bitcoins and ether.

The Australian market is part of the Coinbase global development strategy, as the company plans to increase its presence on the world market significantly.

“We’re focused on creating an open financial system for the world, allowing people to easily buy and sell digital currencies anywhere in the world. Along with this launch in Australia, we are also making the ETH/BTC trading pair available on our professional trading platform GDAX to customers in Australia,” Coinbase statement says.

So far, the Australians will be able only to buy cryptocurrency. Credit and debit cards will be accepted as a means of payment. The company does not specify, when they are planning to add the sale option.

“Each country has its own way to enter the market,” Coinbase product manager Ankur Nandwani tried to duck the question regarding the terms of the service. He noted that Coinbase is planning to add sale option for Australian users.

The total number of countries where Coinbase operates has reached 33.

Earlier, the company informed they are closing customer service in Canada from 1 August. The decision was connected with the fact that the payment provider Vogogo carrying out infrastructure support for Coinbase stops working with cryptocurrency due to lack of funding.

Coinbase is one of the world’s leading bitcoin exchanges. The number of the platform users stands at around 4 mln.

Elena Platonova