Coinbase has launched its bitcoin wallet, exchange and merchant services in the UK.
The UK is only the second country, after the US, to gain access to the San Francisco-based company’s bitcoin trading platform – Coinbase Exchange.
Coinbase co-founder and CEO Brian Armstrong said the decision to launch in the UK was partly influenced by his trip to London last year.
“The interest in the UK is at a different level than it is elsewhere in Europe. We got the sense that the demand there was really high … [and] London is a financial capital of the world, so it was a logical next step,” he explained.
Users in the UK can now trade bitcoin on the Coinbase Exchange in two new currency pairs – BTC/GBP and BTC/EUR.
Customers are now able to add GBP and US dollars to their Coinbase wallets via wire transfer and can add euro using SEPA. The company’s merchant tools are also available in the UK.
The exchange launched in select states in the US three months ago and Armstrong said he was more than pleased at how well it has performed to date.
“We’re already the biggest exchange by volume in the