Major U.S. crypto exchange and wallet Coinbase has started rolling out British pound (GBP) support, according to an official blog post August 1.
The new feature will enable Coinbase customers with UK bank accounts to conduct faster transfers, letting customers buy and sell crypto for pounds within the same day.
As Coinbase points out in their announcement, prior to adding GBP support, the process of buying or selling crypto for fiat took several days for the company’s UK customers, requiring them to first convert their crypto into euros, and then into GBP via international wire transfer.
The feature is currently available to only some existing customers, with the service promising to gradually rolled out support to all British customers “in the coming weeks.”
In their announcement, Coinbase notes that the company has been working on adding GBP support “over the last few months.”