Coinbase Expands Services in Brazil Through Central Bank Partnerships and Upgrades

Coinbase is making it easier for Brazilians to access its services through partnerships with local providers Ebanx and Pix. The collaborations will allow customers to purchase cryptocurrency using the Brazilian real, as well as make deposits and withdrawals from Coinbase accounts in real. Additionally, Coinbase will offer round-the-clock customer support in Portuguese and simplified onboarding processes. This expansion in Brazil is part of Coinbase's larger international expansion efforts and coincides with the country's high adoption of digital payments.

The upgrades include round-the-clock customer support in Portuguese and easier onboarding. Among Latin American countries, Brazil has the greatest level of acceptance for digital payments. Coinbase's expansion in Brazil is part of a broader international expansion, and the company is reportedly planning to set up an exchange platform outside the US.