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:
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.
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