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Cryptocurrency News Articles

Coinbase is Now Available in Hawaii

Aug 14, 2024 at 12:07 am

With recent state regulatory changes paving the way, we can now bring our products and services to Hawaii and empower residents to participate in the crypto economy.

Coinbase is Now Available in Hawaii

Coinbase is excited to announce its entry into Hawaii. This follows recent state regulatory changes that have cleared the path for Coinbase to offer its products and services to Hawaii residents, empowering them to participate in the crypto economy.

For years, Hawaii residents have shown a strong interest in crypto on Coinbase, the only publicly traded crypto exchange in the U.S. We’re excited to deliver on that promise today. From offering seamless trading features to ensuring secure asset protection, Coinbase provides the most trusted crypto products and services.

With our entry into the state, Hawaii residents can now:

* Buy, sell, and manage crypto with ease: Whether you're brand new to crypto or an expert, Coinbase makes it easy and seamless to get started with and manage crypto. New Hawaii customers can get started in just a few minutes, and use the app to access hundreds of cryptocurrencies, set up recurring buys, earn rewards, track prices, and transfer assets internationally.

* Participate in the crypto economy: Crypto is helping to update an outdated financial system with fairer, cheaper, and faster services. Hawaii customers now have access to a suite of crypto services, including staking, where they can earn up to 12% APY in staking rewards on popular assets.¹ Eligible Hawaii users can also earn up to 5.20% in rewards by simply holding USDC.²

* Access powerful tools for pros: Sophisticated traders can access 500+ spot pairs with as low as 0.0% maker fees, charting powered by TradingView, and powerful APIs.

This expansion is a testament to our commitment to compliance across the United States and abroad. We are officially entering Hawaii following regulatory changes made by the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions (DFI) that provide clarity for cryptocurrency firms. We've worked diligently with local authorities to ensure we can enter the Hawaii market, and welcome their innovative, responsible approach, which aligns with our goal of providing a safe and compliant environment for all.

Our launch in Hawaii adds to the excitement for the crypto industry’s continued growth, and we are pleased to continue bringing the power of crypto to more people and places. This is just one step in our mission to increase economic freedom around the world.

The rewards rate is based on the estimated protocol rate, which is subject to change. Customers will be able to see the latest applicable rates directly within their accounts. Enrollment in staking is available only in eligible jurisdictions and for eligible networks.

Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change. Customers will be able to see the latest applicable rates directly within their accounts.

Original source:coinbase

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