You can now buy it instantly on one major US exchange
- Coinbase announces it is rolling out instant purchases of bitcoin and two other digital currencies from U.S. bank accounts.
- The new feature will allow certain customers to buy as much as $25,000 worth of bitcoin instantly, rather than wait several days to receive the digital coins.
- Bitcoin began surging Thursday and hit a record $5,856.10 Friday, a gain of 21 percent in less than 48 hours.
Bitcoin surged to a new high Friday, and a key announcement from digital currency exchange Coinbase could be a driving factor.
Coinbase, a major U.S.-based digital currency exchange, said Thursday it is enabling investors to make instant purchases of up to $25,000 worth of bitcoin, ethereum and litecoin from U.S. bank accounts. Previously, customers using their bank accounts to buy the digital currencies had to wait several days to receive them.
“One of the biggest pieces of feedback we get on Coinbase is ‘why does it take so long!'” Coinbase co-founder and CEO Brian Armstrong said in a tweet Thursday. “Rolling out instant buys.”