According to data from Bitcoinity, in May 2019, bitcoin
trading volume on Coinbase, one of the largest cryptocurrency
exchanges in the U.S., reached a 14-month high. This news comes at
the same time as a recent announcement that Coinbase plans to
launch its debit card product in six more European countries. The
debit card allows holders to spend cryptocurrencies at traditional
credit and debit card point-of-sale systems. In other
cryptocurrency exchange news, late last week, another large
U.S.-based exchange, Bittrex, announced that it will remove 32
crypto-assets from U.S. trading.
According to a report this week, one of the world's largest
insurance firms has teamed with a group of other insurers to offer
an insurance product specifically designed for cryptocurrency
custody providers. According to another recent report, one of the
largest banks in South Korea is preparing to launch a custody
service for cryptocurrencies and other crypto-assets.
