Coinbase users in the U.S. can now buy Bitcoin and other cryptocurrencies easier than ever via a PayPal integration.
In an announcement posted on its official blog earlier today, Coinbase details how its U.S users can top up their crypto holdings directly from their PayPal accounts. The added feature means users will no longer need to enter their bank or credit card details into the Coinbase platform – they can simply log in to their PayPal from the app and instantly fund their account.
With the exciting new feature, Coinbase users can purchase up to $25,000 a day of cryptocurrency. However, you’ll need to be sure your PayPal email address matches your Coinbase address, or you’ll need to complete two-factor authentication.
The new feature means US Coinbase users now have multiple ways to fund their accounts, including wire transfer, debit card, credit card, and now PayPal. Coinbase intends to expand the feature to further countries in the future and already allows cash withdrawals to Paypal from the US, Canada, UK, and Europe.
A View for Skew
In other Coinbase-related news, the leading crypto wallet provider also announced its acquisition of data analytics firm Skew. By integrating Skew’s functionality into its platform, Coinbase hopes to provide its 56 million users with real-time cryptocurrency analytics to help make better-informed trading decisions.
The UK-based analytics company has become highly successful since its founding only 3 years ago, now serving over 100 companies across the globe. Since its IPO earlier this month that saw it listed on NASDAQ under the ticker $COIN, Coinbase has gone from strength to strength with a valuation nearing $100 billion.