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Coinbase Enables Withdrawals via PayPal for EU Citizens Only

  • Yuri Molchan
    📰 News

    US-located crypto exchange Coinbase now allows users from the EU and European Free Trade Association member states to withdraw via PayPal


Coinbase Enables Withdrawals via PayPal for EU Citizens Only
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On Tuesday, Feb. 5, Coinbase added an option allowing EU citizens, as well as clients living in European Free Trade Association states, i.e. Norway, Liechtenstein, Iceland and Switzerland, to withdraw their profits in fiat money, using the PayPal system. This was reported on the blog of the exchange.

Earlier PayPal implementation

Before Coinbase enabled the PayPal option, European customers could only withdraw via UK Faster Payments and SEPA. Adding PayPal will now significantly widen the opportunities of Coinbase EU customers and the exchange itself.

Earlier, the company had already introduced PayPal fiat withdrawals for US citizens. Now, customers living in the EU and European Free Trade Association are also welcome to do that.


The exchange had previously tried to allow customers to take their profits out via PayPal back in 2016. However, this option was quickly closed because of technical issues.

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Coinbase is looking to expand

Currently, Coinbase seeks to increase the number of the coins it supports along with options to top accounts and withdraw in fiat. In December, Coinbase reported that it was considering adding support for around thirty tokens apart from what it already trades.

In November last year, the platform also started off with an OTC (over-the-counter) trading service for big institutional investors.

PayPal and Ripple

This is not the first time PayPal has been connected with virtual assets.

Earlier, U.Today reported that PayPal has already been indirectly working with Ripple. Things started when XRPDarren from the Ripple community published a document on Twitter, revealing Ripple’s collaboration with the Xoom firm, owned by PayPal and the major German HSBC bank.

However, here PayPal rather deals with Ripple’s funds transmission technology, not with XRP.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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