Coinbase Expands to Brazil

avatar of @alokkumar121
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2 min read

Coinbase has been on the exchanges that is trying to expand its cryptocurrency business across the world. They have been doing the same for quite sometime and this is good because this way more people can be part of the cryptocurrency ecosystem.



Some exchanges like coinbase, Binance and kraken etc are expanding and our of this all coinbase is the leader. This exchange had launched their operations in India but later due to the government intervention they had to step out of the game. Now with Brazil the exchange is trying to grow it and even they are considering this a bigger market. I have used coinbase for some trades and I like the platform. It's simple to use and user interface is quite user friendly. We certainly need this type of exchanges to make people more familiar with the cryptocurrency and how it works.

“Brazil is a key market for Coinbase's international expansion strategy. We are committed to investing in and developing products tailored to the needs of the Brazilian market, as we recognize the immense potential and growth opportunities in the region,” Nana Murugesan, vice president of international at Coinbase, said in a statement.

While the cryptocurrency exchanges are expanding the reach but it's also important to drive user education initiatives because people are still not well aware of it. With education we can expect more people to be part of and this will empower the community.

More people in cryptocurrency market means more money inflow and more wallets holding Bitcoin and other coins. We don't know about the next bull run but we are in the bear market and this is the time when more people should enter. It may sound good but it's not easy as we still have a bigger chunk of people who don't understand cryptocurrency more. Not everyone is familiar with the new technology and this revolution so making them understand and learn is the need of time.

It's good that some countries are adopting cryptocurrency and they're even helping the exchanges to operate in the country without any issues. If more countries follow the same methodology then altogether things are going to be much better in cryptocurrency market and we may also expect more maturity and price appreciation in the

Thank you

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