The publicly traded cryptocurrency exchange Coinbase has announced its expansion into Hawaii, allowing residents to access a range of crypto services. The move comes after the state clarified its regulations, enabling Coinbase to offer its platform to Hawaiian users.

Hawaii Residents Gain Access to Coinbase’s Full Suite of Crypto Tools:

Coinbase’s entry into the Hawaiian market follows regulatory adjustments by the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions. These changes have provided the necessary clarity for cryptocurrency firms to operate in the state.

As a result, residents of Hawaii can now buy, sell, and manage cryptocurrencies through Coinbase’s platform, which offers features such as staking, trading, and asset management. The firm said the development marks a significant step in Coinbase’s mission to expand its services across the United States.

The company said:

We’re excited to announce that Coinbase is now available in Hawaii. With recent state regulatory changes paving the way, we can now bring our products and services to Hawaii and empower residents to participate in the crypto economy.

Coinbase disclosed that new users can quickly start using the platform to access hundreds of cryptocurrencies, while more sophisticated traders can utilize advanced tools, including over 500 spot pairs and APIs. In the announcement, Coinbase emphasized its commitment to regulatory compliance and aims to foster a safe and responsible environment for crypto transactions within the state.