Hawaii opens to Coinbase following regulatory clarity

Cryptocurrency trading on Coinbase is now available in Hawaii.

Coinbase, the largest public crypto exchange in the United States, has officially launched its services in Hawaii. The move follows recent regulatory changes from the Hawaii Department of Commerce and the Department of Consumer Affairs Financial Institutions that clarified the situation for crypto firms operating in the state.

Hello Coinbase!

Hawaii residents can now buy, sell and manage cryptocurrencies through Coinbase’s platform, providing access to a wide range of digital assets and services, including recurring purchases, price tracking and international asset transfers.

In the past, Coinbase was not available to Hawaii residents due to sanctions programs implemented by the U.S. Treasury Department.

Coinbase also offers staking services that allow users to earn up to 12% APY on select assets and up to 5.20% rewards for holding USDC.

Coinbase’s Chief Policy Officer, Faryar Shirzad, emphasized the importance of the expansion, stating that it reflects the company’s commitment to compliance and providing secure, user-friendly crypto services in the U.S. and internationally.

“We worked diligently with local officials to enter the Hawaii market and welcomed their innovative and responsible approach that aligns with our goal of providing a safe and compliant environment,” Shirzad said.

Shirzad emphasized that the Hawaii launch is an important step in Coinbase’s mission to advance global economic freedom. For experienced traders, access to over 500 spot trading pairs with low fees, advanced tools like TradingView-powered charting and powerful APIs are also available.