Recently, leading US cryptocurrency exchange firm Coinbase has expanded its crypto-to-crypto trading services in 11 new markets across Latin America and Southeast Asia.

According to its official blog post last week, the exchange announced its new trading services in 11 countries, including  Argentina, Chile, Colombia, Hong Kong, India, Indonesia, Mexico, Peru, Philippines, South Korea, and New Zealand. With this expansion, Coinbase now reaches 53 countries, spread across four continents.

Users in the listed countries can now store, buy, send and receive cryptocurrencies using Coinbase Pro and Coinbase.com. Or, they can trade crypto-assets via the Coinbase app available on iOS and Android.

The blog also stated that the crypto-to-crypto only trades figures in Feb 2019 rose to 51%, compared to 41% in Aug 2018. It further read, “Over the past 12 months, one of our main priorities has been to bring Coinbase services to people in all corners of the globe.”

Coinbase also emphasized that the cryptocurrency space is transferring from the “investment phase” to the “utility phase”, which would open the way for new use cases.

“Direct trading between cryptos is increasingly the new norm and in the last year has overtaken traditional fiat to crypto trading across the globe. […] This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy,” Coinbase said in a statement.

Recently, Coinbase introduced its crypto visa debit card for the UK, which enables the UK residents to purchase with cryptocurrency balances on Coinbase, reported by The Crypto Sight on April 15.