Coinbase Expands Services to Hawaii

Reading Time: < 1 minute

Coinbase has recently expanded its services to include Hawaii residents. This means that those in Hawaii can now use Coinbase to buy, sell, and manage their digital assets, as well as participate in staking and international fund transfers.

This move comes after regulatory changes made by the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions, providing more clarity for cryptocurrency businesses.

In July, Coinbase recorded an impressive trading volume of $64 billion, further establishing its dominance in the market.

This expansion marks a return to Hawaii for Coinbase, after pulling out in 2017 due to strict regulations that required companies to hold one-to-one cash reserves for bitcoin holdings.