Coinbase plans to accelerate the usability of cryptocurrencies with plans to raise transaction limits to $100,000, spurring momentum for mainstream adoption and reshaping the way digital assets are used.
Coinbase eyes mainstream crypto payments, tests higher spending limits
Growing demand for greater flexibility in payments for digital assets is prompting major exchanges to review trading restrictions. Coinbase (NASDAQ: COIN) CEO Brian Armstrong shared on social media platform X on October 11 that the company plans to test higher customer spending standards starting next week. This initiative is part of a broader effort to improve the platform’s ease of use and expand trusted user choice for everyday payments over the coming year.
Mr Armstrong said:
We will be testing the $5,000 limit for all customers starting October 14th (in the next few days). And by the middle of next year, it plans to introduce tiered trading limits of up to $10,000 (and possibly $100,000) for low-risk users.
His announcement follows an Oct. 7 post on X in which he said, “We welcome your feedback. We will review this $2,500 debit card limit.” This statement suggests that Coinbase is directly responding to customer feedback and exploring new trading frameworks designed to accommodate users with different risk profiles.
The move to tiered spending levels represents a meaningful change from Coinbase’s previous flat limits and signals a potential move to make cryptocurrency trading more accessible to both large and mainstream users.
Analysts interpret the plan as an attempt to align Coinbase’s services more closely with traditional financial platforms while preserving the core flexibility of cryptocurrencies. Proponents say the changes could accelerate the adoption of cryptocurrencies in everyday commerce, while others warn that expanding transaction limits could require stronger risk controls and stricter compliance oversight.
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