Yesterday, being the 7th day of August, coinbase officially announced the addition of a new feature that will enable it’s clients to buy digital coins right after they deposit funds from their bank account, unlike the normal procedure which requires them to wait for 5 working days for the funds to settle.
This new feature would restrict the clients from withdrawing any asset until the funds from the bank are being settled. However, the platform still supports instant transfers via wire transfer and debit cards.
Another increase in the daily trading limits was also added alongside this new feature, starting with the US citizens for now, but hopes to be expanded to all of it’s clients in subsequent time to come. The former weekly trading limit of $25,000 is now increased to a daily limit of $25,000 for verified users of the platform.
Initially the instant purchasing, new trading limits, and the ability to withdraw coins were available only to US customers who have completed the identity verification process with Coinbase, but now the platform promises to extend this features to all of it’s users.