Earlier in 2019, enthusiasts were very excited to hear that Coinbase would finally be responding to their requests called for by the space by adding in LINK.
The excitement from the announcement was so significant that the digital currency surged higher by around 30 percent on the day, proving that the Coinbase Effect was still alive and well.
As reported by Ethereum World News, there was a catch to the listing though…
“Users of Coinbase in New York state were unable to interact with LINK through the exchange. This location restriction was seemingly due to regulatory concerns, which are a byproduct of the very stringent laws and regulations regarding money and assets in the finance capital of the world — New York, New York.”
This restriction might not sound like a lot at first but the big apple has the highest GDP per capita out of all the US states.
But in a tweet published on Wednesday, Coinbase announced the good news.
Chainlink (LINK) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store LINK on https://t.co/bCG11KMQ6s or using our iOS and Android apps. https://t.co/v3lCq5I3im pic.twitter.com/qLovRSJhzr
— Coinbase (@coinbase) September 25, 2019
So if you’re a resident in New York and interested in using Coinbase for LINK reasons, today is your lucky day! That being said, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
For more news on this and other crypto updates, keep it with CryptoDaily!