just now
Coinbase launches the new International Exchange through the Bermuda Monetary Authority regulatory environment with a view to driving innovation and expanding options for customers
May 4, 2023 - In a blog post on the company’s website, Coinbase has announced the launch of Coinbase International Exchange after recent approval granted to the company for a regulatory license from the Bermuda Monetary Authority (BMA).
Institutional users in eligible jurisdictions outside of the US will be able to trade perpetual futures on digital assets.
With regulatory uncertainty remaining in the US, and with Coinbase locking horns with the SEC after they recently received a “Wells Notice.” Coinbase is now focusing on its expansion overseas and key features of the new International Exchange include:
- Real-time 24/7 - 365 risk management
- Liquidity provided by external market makers - no proprietary trading
- Dynamic margin requirements and collateral assessments
- Liquidation framework that meets rigorous compliance standards
- Well-capitalized exchange to support tail market events
Whilst stating that they remain committed to the US market, the launch pivots more to a global view in association with the Bermuda Monetary Authority providing the regulatory environment for thec International Exchange.
