Coinbase Announces Instant Purchases

Bitcoin surged to almost $5,900 last week and you may thank Coinbase for it. Coinbase is an online website that allows people to buy and sell bitcoin, ethereum, and litecoin crypto currencies.

Last week, Coinbase announced it now supports instant purchases of bitcoin, ethereum, and litecoin crypto currencties from account holders who use US bank accounts. Now, customers can buy up to $25,000. Prior to this feature, customers could only buy a limited amount of coins and had to wait for approval.

According to TechCrunch, the new instant purchase feature is available to limited users only but expected to be available to all US users by end of the year.

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