Coinbase Launches Non-US Institutional Exchange: Trade BTC and ETH Now!

Bullet points

  • Coinbase has announced the launch of a Bermuda-based marketplace for non-US institutional investors.
  • This new platform, Coinbase International Exchange, will allow users to trade Bitcoin and Ether perpetual futures.
  • The move comes as Coinbase seeks to expand its operations outside the US due to regulatory uncertainty.

Coinbase Launches Platform for Non-US Institutional Investors in Bermuda

Coinbase, the leading cryptocurrency exchange, has officially launched a platform in Bermuda that will serve non-US institutional investors. The platform, Coinbase International Exchange, allows investors to speculate on the price movements of Bitcoin (BTC) and Ether (ETH) without actually owning them.

Move Follows Regulatory Uncertainty in US

The launch of this international exchange comes as Coinbase looks abroad for expansion opportunities due to regulatory uncertainty in the US. CEO Brian Armstrong recently held discussions with British authorities about potentially setting up shop in the UK.

Platform Offers Perpetual Futures Trading

Coinbase International Exchange provides perpetual futures trading for BTC and ETH. All transactions are settled in USDC and users can speculate on prices without having to own any coins or tokens themselves. The platform was approved by the Bermuda Monetary Authority back in April.

Conclusion

With this new offshore derivatives marketplace, Coinbase is seeking to provide an international market for non-American institutional investors looking to get involved with cryptoassets without worrying about regulatory hurdles from their home countries.