The American cryptocurrency exchange Coinbase has introduced a new feature that allows its customers to transfer funds to each other for free using the world's most popular means of communication.

Coinbase also announced the ability to send funds between people even if they are in different countries, promising that transfers will be instant and fee-free.

To make such transfers, both the sender and the recipient must have a Coinbase account. In the event that the recipient is not yet registered with Coinbase, they will be invited to download the app from the Apple App Store or Google Play Store. Additionally, if funds are sent and not received within two weeks, they will automatically be returned to the sender.

According to the company's information, the Coinbase wallet is available in more than 170 countries.

Coinbase is actively working on expanding the functionality of its digital wallet and attracting new users, which is happening during a period of rising cryptocurrency prices. Recently, the price of Bitcoin (BTC), the largest cryptocurrency by market capitalization, exceeded $44,000, indicating a growth of more than 25% in the last month.

The company has also shown good results in the stock market this year, as the intensity of its battle with the Securities and Exchange Commission has decreased. At the same time, major traditional financial players, including BlackRock, are hoping for approval of their application to create a Bitcoin ETF.

According to TradingView data, Coinbase shares have grown by almost 290% in a year. On Tuesday, they increased slightly by 0.3% and closed at $141.46 at 3:36 PM Eastern Time.