Last week, San Francisco-based Coinbase announced plans to reveal an announcement a day for the 12 days leading up to the holidays.
For the eighth day of announcements, Coinbase has revealed a new feature called Convert, which customers can use to convert one cryptocurrency to another.
The conversion feature is now available on Coinbase.com and on Coinbase’s iOS and Android apps. Conversions are made instantly and provide lower fees than the more traditional exchange transactions.
“We’ll be gradually rolling out the ability to convert cryptocurrencies to customers in all 34 countries in which Coinbase offers native payment access. We’ll gather customer feedback along the way and continue to iterate on the feature over time,” Coinbase added.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.