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A comment on Coinbase Launches Instant Exchange. Parent comment

Re:Coinbase Launches Instant Exchange by DiThi on Wednesday June 17, 2015 @06:43AM (#9730950)
No, it allows Coinbase users to send or receive money to/from anywhere without a long wait of fluctuating prices. I'm not a Coinbase user but I'm affected by this.
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Re:Coinbase Launches Instant Exchange by veritas20 on Wednesday June 17, 2015 @11:41AM (#9732602)
Previously, if you use the coinbase wallet to purchase BTC, then you would have to wait 6 days to get the BTC unless you transferred money to Coinbase Exchange and purchased them directly.

This simply removes that step and executes your buy order against the Coinbase Exchange presumably.

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