Coinbase Launches International Exchange
Coinbase, one of the largest cryptocurrency exchanges in the world, has launched an international exchange for institutional traders outside the US. The platform will allow users to trade perpetual futures, which accounted for almost 75% of global crypto trading volume in 2022.
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By building a global perpetual futures exchange for digital assets, Coinbase hopes to make its products and services more accessible to users outside the US and support the updating of the financial system.
This move comes amid high regulatory pressure from the SEC on crypto companies, as they attempt to establish a clear regulatory framework for digital assets. With its regulatory license from the Bermuda Monetary Authority (BMA), Coinbase is able to offer its international exchange to institutional users based in eligible jurisdictions outside the US. This will provide users with greater access to highly-liquid markets and additional versatility in their trading strategies.
Coinbase International Exchange will join a growing list of digital asset exchanges looking to establish themselves as the go-to platforms for global institutional traders. As more and more markets establish regulatory frameworks for digital assets, the demand for trusted and reliable exchanges will only continue to grow.
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