Coinbase Instant Exchange will be retired in 30 days


#1

So I just got this email. Not sure if I am having a brain shart or something, but am I going to be unable to convert BTC to USD at all if I use coinbase? Heres the text from the email

Hi there,

You are receiving this email because you’ve used Coinbase Instant Exchange in the last 6 months.

In 30 days — on June 1st —we will be retiring Instant Exchange. While we understand that this decision may be disruptive to you, we believe that by focusing our resources on the core use-cases of the product we can improve the experience for everyone.

What this means for you
For now, no action is required. In order to ensure a smooth transition, here’s a timeline of what happens next:

June 1st, 2018 — You will no longer be able to generate new Instant Exchange BTC addresses.

June 15th, 2018— Instant Exchange addresses will cease converting BTC to USD. Any BTC received by these addresses will automatically credit your BTC account with the received amount.

Thanks,

The Coinbase Team