Coinbase Expands Service Offerings for Institutional Investors
One of the most prominent cryptocurrency exchanges situated in the United States, Coinbase, has just announced a
considerable increase of its service offerings. It is also important to note that this expansion is geared towards
institutional investors located outside of the United States, since they now have access to spot cryptocurrency
trading services on the Coinbase International Exchange. In the beginning, the service, which was launched on
December 14, 2023, let users to trade Bitcoin (BTC) and Ether (ETH) against USD Coin (USDC).
Strategic Reaction to Regulatory Environment
As a strategic reaction to the ever-changing and unclear regulatory environment in the United States, Coinbase has
made the choice to create spot markets in countries other than the United States. A number of asset issuers and
members of the cryptocurrency community have shown reluctance to interact with exchanges in the United States as a
result of this uncertainty. The new service is intended to meet the specific requirements and expectations of
Coinbase’s worldwide user base by providing a spot market that is reliable and does not violate any regulations in
the United States.
Introduction and Growth of Spot Trading on Coinbase International Exchange
Several stages will be involved in the introduction of spot trading on the Coinbase International Exchange, as well
as its further growth. In the beginning, the service is exclusively accessible to institutional customers located
outside of the United States via API access. Before beginning to grow the business, Coinbase intends to carefully
construct a solid basis and gradually increase the amount of liquidity. The platform will be expanded in the next
months to include retail customers, other assets, and features that allow new trading techniques and boost capital
efficiency. These enhancements will be made possible by the product’s expansion.
Global Expansion Efforts
The fact that Coinbase was able to get registration to operate in Spain and Singapore earlier in the year is
evidence of the company’s dedication to expanding itself around the world. There was a total of $10 billion worth
of perpetual futures volume exchanged in the most recent quarter, indicating that the international derivatives
exchange that the business operates out of Bermuda has already shown tremendous growth. On the other hand, the firm
is now engaged in a legal dispute with the Securities and Exchange Commission (SEC) about charges that it operates
as an unregistered exchange and broker-dealer for certain crypto assets.
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